What do you understand by the term customs union, Microeconomics

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What do you understand by the term customs union

Problem

1. Compare and contrast the roles of the IMF and the World Bank. How does each con-tribute to a more prosperous international economy?

2. What do you understand by the term 'customs union'? Give an example of a free trade area that is a customs unions.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What do you understand by the term customs union

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