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JAMB Economics 1983 Question 34

Question 34

International Economic Organisations

The quickest way of achieving an economic union on regional basis is to remove all

  1. A.currency barriers
  2. B.language barriers
  3. C.political barriers
  4. D.customs barriers
  5. E.legal barriers.
Show the answer and explanation

Answer: D (customs barriers)

Explanation

Removing customs duties and other trade barriers between members lets goods move freely at once; this is the first step towards economic union.