Find ways for two or more countries to establish free trade, Microeconomics

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Find ways for two or more countries to establish free trade

Which of the following is the BEST response regarding ways for two or more countries to establish free trade?

a. A free trade area can be established, and tariffs may be set independently on non-area nations.
b. Customs unions may be established, and tariff rates must be agreed upon.
c. Neither a nor b are allowable under the GATT.
d. Both a and b are allowable under the GATT.

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Microeconomics: Find ways for two or more countries to establish free trade

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Microeconomics: Find ways for two or more countries to establish free trade

Reference No:- TGS064084

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : How many inspectors should be hired

Q : Determining the capital-asset pricing model

Q : What is the firm-s output elasticity and returns to scale

Q : Highest ranking according to the net present value criterion

Q : Find ways for two or more countries to establish free trade

Q : Confidence intervals-z tests

Q : Gross margin percentage

Q : Firm-specific and industry-specific factors

Q : Inventory at year-end and cost of goods sold

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find ways for two or more countries to establish free trade

Reference No:- TGS064084

Recent Questions Asked Microeconomics

Q : How many inspectors should be hired

Q : Determining the capital-asset pricing model

Q : What is the firm-s output elasticity and returns to scale

Q : Highest ranking according to the net present value criterion

Q : Find ways for two or more countries to establish free trade

Q : Confidence intervals-z tests

Q : Gross margin percentage

Q : Firm-specific and industry-specific factors

Q : Inventory at year-end and cost of goods sold

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