Concerning the stages of economic integration, by the early 1990s, the European Union had essentially reached the stage of a (an)
A) free trade area.
B) customs union.
C) common market.
D) economic union.

Question

Quizplus · Accepted Answer

By the early 1990s, the European Union had achieved the characteristics of a common market, which includes free movement of goods, services, capital, and people, as well as a degree of harmonization of laws and regulations.

Concerning the Stages of Economic Integration, by the Early 1990s