Which of the following consists of a group of countries that have a free trade agreement among themselves and may apply a common external tariff to…

CA Foundation · Business Economics · PYQS · September 2025
Which of the following consists of a group of countries that have a free trade agreement among themselves and may apply a common external tariff to other countries?
(A) A. Free-trade area
(B) B. Regional Preferential Trade Agreements
(C) C. Economic and Monetary Union
(D) D. Trading Bloc

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Trading Bloc

Topics: International Trade

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