A _____________ is a regional group of countries that have no internal tariffs,a common external tariff,and the coordination of laws to facilitate exchange among the member countries.
A)trade cartel
B)mutual trade association
C)common market
D)joint venture

Question

Quizplus · Accepted Answer

The described regional group of countries fits the definition of a common market, where there are no internal tariffs, a common external tariff, and coordination of laws to facilitate exchange among the member countries. A trade cartel is a group of firms that collaborate to restrict competition and raise prices, a mutual trade association is a less formal agreement between countries to promote trade, and a joint venture is a business partnership between two or more companies.

A _____________ Is a Regional Group of Countries That Have