Which of the following best describes an economic consultative association?
A. It is a group of states that have reduced or eliminated trade barriers among themselves but maintain their individual tariffs in dealing with other states.
B. It is a group of states that exchanges information, coordinates economic policy, and promotes trade cooperation.
C. It is a business firm operating branches, subsidiaries, or joint ventures in two or more states.
D. It is a group of states that have reduced or eliminated trade barriers among themselves and have established a common external tariff.
Answer:B
Which of the following best describes an economic consultative association?
A. It is a group of states that have reduced or eliminated trade barriers among themselves but maintain their individual tariffs in dealing with other states. B. It is a group of states that exchanges information, coordinates economic policy, and promotes trade cooperation. C. It is a business firm operating branches, subsidiaries, or joint ventures in two or more states. D. It is a group of states that have reduced or eliminated trade barriers among themselves and have established a common external tariff.