📊 International Economics
Q. Which of the following statements is correct?
  • (A) In a customs union, member nations apply a uniform external tariff
  • (B) in a free-trade area, member nations harmonize their monetary and fiscal policies
  • (C) within a customs union there is unrestricted factor movement
  • (D) a customs union is a higher form of economic integration than a common market
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✅ Correct Answer: (C) within a customs union there is unrestricted factor movement

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