Economics · International Trade
Which of the following statements is/are correct regarding a Customs Union? (a) It has no trade barriers within its boundaries. (b) It maintains a common external tariff policy on non-members.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither (a) nor (b) is correct
- 2Both (a) and (b) are correct✓
- 3Only (b) is correct
- 4Only (a) is correct
Correct answer
Both (a) and (b) are correct
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