Business Environment and International Business Regional Economic Integration Regional Trade Agreements
Match the following.
|
List I |
List II |
||
|
A. |
Free trade area |
1. |
No restrictions on trade and factor movement |
|
B. |
Customs union |
2. |
Trade is free and no customs duties |
|
C. |
Common market |
3. |
No customs duties on non-members |
|
D. |
Economic union |
4. |
Advanced stage of Integration |
1
A - 2, B - 1, C - 3, D - 4
2
A - 3, B - 2, C - 4, D - 1
3
A - 2, B - 3, C - 1, D - 4
4
More than one of the above
5
None of the above