Which feature of a common market differentiates it from a customs union?
A) requires harmonization of members' tax rates
B) has a common currency
C) holds a common external trade policy toward nonmembers
D) allows factors of production to move freely among members

Question

Quizplus · Accepted Answer

In a common market, labor and capital are free to move because there are no restrictions on immigration, emigration, or cross-border flows of capital between member countries.

Which Feature of a Common Market Differentiates It from a Customs