Which of the following is a problem that arises when trying to classify regional trade agreements?...

Which of the following is a problem that arises when trying to classify regional trade agreements?

		Many agreements combine elements from different categories.
		The most favored nation clause includes all of them.
		The definition of free trade area includes that of a customs union.
		Some agreements include cultural issues while others do not.

Expert Solution

The correct answer is Many agreements combine elements from different categories. This is a problem when regional trade agreements are classified. As these agreements are between two or more countries, it follow internal rules. There are different types of Regional Trade Agreements such as free trade area, common markets, customs union and economic union.

Rahul Sunny answered 2 years ago

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