
Three countries agree to remove barriers to trade between member countries and adopt a common external trade policy toward nonmembers. They also agree to allow people and other factors of production to move freely across their borders. Which level of economic integration is this an example of?
A) bonded market
B) customs union
C) free trade area
D) common market
Correct Answer:
Verified
Q32: _ eliminates trade barriers between member nations,
Q33: Which feature of a common market differentiates
Q34: _ has no barriers to trade between
Q35: Which feature of a customs union differentiates
Q36: Which of the following is a reason
Q38: Country X and Country Y reach an
Q39: Linking neighboring countries economically and making them
Q40: Which feature of an economic union differentiates
Q41: Country A and Country B entered into
Q42: Which of the following is a concern
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