In which of the following types of regional economic integration are internal tariffs eliminated with member countries levying a common external tariff on goods being imported from nonmembers.

Related MCQs

• A _______________ focuses on eliminating internal tariffs with member countries levying a common external tariff on goods being imported from nonmembers. Additionally, this type of regional economic integration allows free mobility of production factors such as labor and capital.
• _______________ is an important reason for economic integration.
• _______________ occurs when production shifts to more efficient producers for reasons of comparative advantage, allowing consumers access to more goods at a lower price than would have been possible without integration.
• _______________ occurs when trade shifts to countries in the group at the expense of trade with countries not in the group, even though the nonmember country might be more efficient in the absence of trade barriers.
• Apart from India, Pakistan and Bangladesh who are the other member countries of SAARC?
• Horizontal integration occurs when
• Subsidiaries consider the regional environment for policy / Strategy formulation is known as
• Subsidiaries consider regional environment for policy / Strategy formulation is known as
• Which of the following are institutional banks that provide financial support and professional advice for developing countries?
• Which one of the following is renowned for its high-quality databases on economic and social data?