VIEW ANSWER FOR PART TWO :
Economic Integration: Customs Unions and Free Trade Areas

a. the lower are the pre-union trade barriers of the member countries

*b. the lower are the customs union's barriers on trade with the rest of the world

c. the smaller is the number of countries forming the customs union and the smaller their size

d. the more complementary rather than competitive are the economies of the nations forming the customs union

 
 

BACK