One of the characteristics of free trade zone is
-
A.
common tariff against non-member countries -
B.
different trade policies of non-member countries -
C.
free factor mobility within the zone -
D.
harmonized trade among member countries
Correct Answer: Option 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.