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When Norway, Iceland, Liechtenstein, and Switzerland were joined by the EFTA, all barriers to the free...

When Norway, Iceland, Liechtenstein, and Switzerland were joined by the EFTA, all barriers to the free flow of goods and services between the countries was removed. Member nations are allowed to determine the level of trade protection for goods coming from all other nations. What level of economic integration does this represent?

Multiple Choice

  • customs union

  • economic union

  • political union

  • common market

  • free trade area

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Answer #1

The level of economic integration represented is free trade area.Free trade area is a region encompassing a trade bloc whose member countries have signed a Free Trade Agreement.

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