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Play Froggy Jumps
1. A preferential trade agreement is perhaps from economic integration; higher tariffs, perhaps nondiscriminatory tariffs
A
Preferential trade agreement (PTA)
B
Economic union
C
Customs union
2. Is the least restrictive and loosest from of economic integration
A
Common market
B
Economic union
C
Free trade area (FTA)
3. The common market has the same features as a customs union
A
Common market
B
Economic union
C
Preferencial trade agreement (PTA)
4. Is the last step in an economic integration process , free movement of goods services and production factors
A
Common market
B
Economic union
C
Preferencial trade agreement (PTA)
5. Is one step further in the economic integration process. As in the free trade area , goods services and freely traded
A
Economic union
B
Customs union
C
Free trade area (FTA)