Which of the following is true with regard to a free trade area? A. F

QUESTION

Which of the following is true with regard to a free trade area?

A. Factors of production are allowed to move freely between member nations.

B. Each member country is allowed to determine its own trade policies with regard to nonmembers.

C. Member nations are required to have a common currency.

D. Member nations are required to have a common monetary and fiscal policy.

E. Member nations are required to have a central political apparatus that coordinates economic, social, and foreign policy.

ANSWER

B