A common market integrates elements of free-trade areas and customs unions while adding the free movement of important factors of production people and cross-border investment.

Question

Quizplus · Accepted Answer

A common market is a type of regional integration that goes beyond a free-trade area and a customs union, by allowing for the free movement of important factors of production, such as people and cross-border investment. Therefore, the statement is true.

A Common Market Integrates Elements of Free-Trade Areas and Customs