(a)customs market
(b)common market
(c)economic union
(d)free trade area
Which of the following is not a type of economic integration?
EXPLANATION: Economic integration is an arrangement among nations for the purpose of reducing or eliminating trade barriers.
Trade barriers simply refers to all activities that hinders trade between nations
Trade Barriers can be
.man made
.natural
Man-made include: Tariffs, Licences, Quotas, Restraints etc Natural include: Language, geographical distance.
Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement.
Free Trade area, common market, economic union will promote economic integration
You'll have 60 seconds to answer each question.
Your fingernails and hair keep growing after you die
Result
Total Questions: 9
Attempt: 8
Correct : 3
Wrong: 5
Percentage: 33%
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