国际贸易课后习题答案feenstra trade sm_chap11.pdfVIP

11 International Agreements: Trade, Labor, and the Environment 1 a. How is a customs union different from a free-trade area? Provide examples of each. Answer: Members of a customs union impose a uniform tariff on countries out- side the agreement unlike that of a free-trade area, where each country maintains its own separate import tax on nonmembers. Examples of a customs union and a free-trade area are the European Union