What distinguishes a customs union from a free trade area


1. What distinguishes a customs union from a free trade area? What distinguishes a common market from a customs union?

2. What is the difference between trade creation and trade diversion? Can you provide an example of each?

Solution Preview :

Prepared by a verified Expert
Microeconomics: What distinguishes a customs union from a free trade area
Reference No:- TGS01156408

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)