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Business Environment and International Business
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Match List-I and List-II and select the correct answer using the option given below the lists.
List-I List-II
a. Free trade area 1. No restriction on trade and factor movement
b. Customs union 2. Trade is free and no customs duties
c. Common market 3. No customs duties; duties on non-members
d. Economic union 4. Advanced stage of integration

Answer & Solution
Correct Answer: Option C
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