Unit 4 (trade Blocs) Flashcards

0
Q

Customs union

A

No internal barriers

Common external tariff

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1
Q

Free trade area

A

No internal barriers

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2
Q

Single market

A

No internal barriers
Common external tariff
Asset mobility

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3
Q

Monetary union

A

No internal barriers
Common external tariff
Asset mobility
Common currency

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4
Q

Economic union

A
No internal barriers
Common external tariff 
Asset mobility
Common currency
Common economic policy
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