Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

MCQ 6

clipped from www.bized.co.uk
If a group of countries abolish trade barriers between them and set the same tariffs on goods coming in from other countries they are a


(Select one answer)






(a) * common market

(b) * customs union

(c) * federation

(d) * free trade area

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