A is a regional group of countries that have no internal tariffs among participants, 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

A common market involves the elimination of internal tariffs, the establishment of a common external tariff, and the coordination of laws to facilitate trade among member countries. This definition matches the description given in the question. A trade cartel typically refers to a group of companies that work together to fix prices and limit competition. A mutual trade association is a more general term that could refer to any organization formed to promote mutual trade and commerce, but does not necessarily involve the elimination of internal tariffs or a common external tariff. A joint venture refers to a business partnership between two or more parties to undertake a specific project or business activity, and does not necessarily involve the establishment of a common market.

A Is a Regional Group of Countries That Have No