Arrange the following in descending order of importance a. Free trade Area b. Customs union c. Economic…
Arranged in progressive order of regional economic integration (from least integrated to most deeply integrated): loose Economic Cooperation (c), followed by a Free Trade…
Choose your answer
Arrange the following in descending order of importance
a. Free trade Area
b. Customs union
c. Economic Cooperation
d. Economic union
e. Common markets
Answer and explanation
Correct answer D
Arranged in progressive order of regional economic integration (from least integrated to most deeply integrated): loose Economic Cooperation (c), followed by a Free Trade Area (a), a Customs Union (b), a Common Market (e), and finally a full Economic Union (d), giving the sequence c-a-b-e-d.
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UGC NET Management