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An important distinction between a free trade area and a customs union is that

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An important distinction between a free trade area and a customs union is that

A.

Only a customs union erects a common external tariff

B.

Only a free trade area allows free internal trade in services as well in goods

C.

Only a customs union is an example of a multilateral trading agreement

D.

Only a free trade area involves common economic policies

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TESTED 02 Aug 2025