Kizspy | Question: 10
(Choose 1 answer)
Which of the following statements best defines a customs union?
A. All barriers to the trade of goods and services among member countries are removed and each country
maintains its own policy towards nonmember countries.
B. It eliminates trade barriers between member countries and adopts a common external trade policy and a
common currency.
C. It has no barriers to trade between member countries, includes a common external trade policy, and allows
factors of production to move freely between members.
D. It eliminates trade barriers between member countries and adopts a common external trade policy.
