A_______ is a regional group of countries that have neither internal tariffs,nor common external tariff,where by the coordination of laws facilitating exchange among the member countries exist.
A)joint venture
B)trade cartel
C)mutual trade association
D)common market

Question

Quizplus · Accepted Answer

A common market is a regional group of countries that have eliminated internal tariffs and established a common external tariff. In addition, they coordinate laws and policies facilitating exchange among the member countries. This allows for free movement of goods, services, capital, and labor within the common market. Examples include the European Union and Mercosur.

A_______ Is a Regional Group of Countries That Have Neither