Like a customs union,the theoretically ideal ________________ has no barriers to trade between member countries and a common external trade policy.
A) free trade area
B) common market
C) tariff union
D) external market
E) regional market

Question

Quizplus · Accepted Answer

A common market, also known as a single market, is a type of economic integration where member countries eliminate barriers to trade such as tariffs and quotas, and also allow for the free movement of goods, capital, services, and people. In addition, member countries adopt a common external trade policy towards non-member countries.

Like a Customs Union,the Theoretically Ideal ________________ Has No Barriers