Which of the following is true of the European Free Trade Association

QUESTION

Which of the following is true of the European Free Trade Association (EFTA)?

A. The emphasis of EFTA has been on free trade in agricultural goods.

B. Industrial goods were left out of the trade arrangement, each member being allowed to determine its own level of support.

C. Members cannot determine the level of protection applied to goods coming from outside EFTA.

D. It was founded by those western European countries that initially decided not to be part of the European Community.

E. It imposes a common tariff, of 5 to 20 percent, on products imported from outside.

ANSWER

D