Which of the following has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members?
A)Command economy
B)Customs union
C)Common market
D)Efficient market
E)Free trade area

Question

Quizplus · Accepted Answer

A common market has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members. Labor and capital are free to move because there are no restrictions on immigration, emigration, or cross-border flows of capital among member countries.

Which of the Following Has No Barriers to Trade Between