Economic Integration (id: 64d43c3b5)

本题目来源于试卷: Economic Integration，类别为 IB经济学

[单选题]
Which of the following characteristics are tr-(igud yj h8n5ue of both free trade areas and ces,.4dzwe 6 ooustoms uni.zed6e, 4oswoons?

I. No barriers to the mobility of labour
II. Imposition of common external tariff
III. Abolition of internal trade barriers
IV. A common currency

A. I only
B. II and III only
C. II and IV only
D. III only


参考答案:  D


本题详细解析:

D

$\underset{‾}{\text{Key ideas}}$:
A free trade area is an agreement between countries wherein countries agree to trade freely among themselves but set their own barriers for non-member countries.

A customs union is an agreement between countries wherein they agree to trade freely and agree to have common external barriers for non-member countries.

$\underset{‾}{\text{Explanation}}$:
Statement I is incorrect because there are barriers to labour mobility in free trade areas and customs unions.

Statement II is incorrect because a common external tariff distinguishes a customs union from a free trade area

Statement III is correct because, in both free trade areas and customs unions, members agree to trade freely.

Statement IV is incorrect because neither free trade areas nor customs unions have a common currency.

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