A common market includes all of the following characteristics except
A) factors of production are allowed to move freely between members.
B) there are no restrictions on immigration between members.
C) full economic integration.
D) there are no restrictions on the cross-border flow of capital between members.
E) a common external trade policy.

Question

Quizplus · Accepted Answer

A common market does not necessarily involve full economic integration, which would entail a unified fiscal and monetary policy. However, it does involve the free movement of goods, services, capital, and labor between member countries, as well as a common external trade policy. There may still be some restrictions on immigration between members, depending on their individual policies.

A Common Market Includes All of the Following Characteristics Except