Economics JAMB

One of the characteristics of free trade zone is?

A. common tariff against non-member countries
B. different trade policies of non-member countries
C. free factor mobility within the zone
D. harmonized trade among member countries

Correct Answer:

Option D – harmonized trade among member countries

Explanation

In a free trade zone, trade/business transactions are allowed to move freely between member nations. Each member country Is allowed to determine Its own trade Policies With regard to Nonmembers.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

1 month ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

1 month ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

1 month ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

1 month ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

1 month ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

1 month ago