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One of the characteristics of free trade zone is

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Economics JAMB 2010

One of the characteristics of free trade zone is

  • common tariff against non-member countries
  • different trade policies of non-member countries
  • free factor mobility within the zone
  • harmonized trade among member countries checkmark

The correct answer is: D

Explanation

In a free trade zone, trade/business transactions are allowed to move freely between member nations. Each member country Is allowed to determine Its own trade Policies With regard to Nonmembers. 

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