Question
Download Solution PDFArrange the following levels of economic integration, from least integrated to the most integrated:
A. Customs Union
B. Free Trade Area
C. Economic Union
D. Common Market
E. Political Union
Choose the correct answer from the options given below
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is B, A, D, C, E.
Key PointsEconomic Integration:
- One of the major economic trends that has affected global trade in recent years is economic integration.
- Countries have sought to cooperate economically in order to utilise their resources more efficiently and to generate substantial markets for the countries that would make up the ensuing integrated territories.
Important Points
Last updated on Jun 12, 2025
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