In the context of regional economic integration, which of the following equations is not correct?
A. Customs union = Free trade area + Common external tariff
B. Economic integration = Common market + Fixed exchange rate + Macro economic coordination
C. Common market = Customs union + NTBs + Factor mobility
D. Free trade area = Customs union - Common external tariff
Answer: Option C
This Question Belongs to Management >> Foreign Trade Policy
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade
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