Which of the following is an example of a common market?
A) EU
B) ASEAN
C) NAFTA
D) EFTA

Question

Quizplus · Accepted Answer

The European Union (EU) is an example of a common market, where member countries have a common trade policy and allow for free movement of goods, services, capital, and people within the EU. ASEAN, NAFTA, and EFTA are all examples of regional trade agreements, but they do not constitute a common market as they do not have the same level of integration and free movement of factors of production.

Which of the Following Is an Example of a Common