Economics · International Economics
Match the stage of regional economic integration (Column I) with its defining feature (Column II): P. Free Trade Area Q. Customs Union R. Common Market S. Economic Union 1. Common external tariff plus free internal trade 2. Each member retains its own external trade policy 3. Free movement of goods, services, capital, and labour 4. Harmonised fiscal and monetary policies among members
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P-2, Q-1, R-3, S-4✓
- 2P-1, Q-2, R-4, S-3
- 3P-2, Q-4, R-1, S-3
- 4P-3, Q-1, R-2, S-4
Correct answer
P-2, Q-1, R-3, S-4
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