1. Chile and Australia have a free trade with each other but have separate trade barriers on imports from other countries. Chile and Australia are a part of a(n):

A. FTA.

B. economic union.

C. customs union.

D. common market.

2. An RTA that removes all tariffs on imports from member countries, and has common external tariffs against all non-members, but does not advance further in deepening economic integration is called a(n):

A. FTA.

B. economic union.

C. customs union.

D. common market.