WAEC Economics 2018 Objective — Question 46

Question 46 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.

Which of the following forms of economic integration is a member nation free to impose duty against non-members?

A. customs union
B. free trade areaCorrect
C. common market
D. economic community

Explanation

In a free trade area, members remove tariffs among themselves but each member remains free to set its own independent tariffs against non-member countries (unlike a customs union with a common external tariff).

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