Like the common market,a(n)_______________ involves the free flow of products and factors of production between members and the adoption of a common external trade policy.
A) free trade area
B) economic union
C) global union
D) customs union
E) currency union

Question

Quizplus · Accepted Answer

An economic union involves both the free flow of products and factors of production between members and the adoption of a common external trade policy. This type of union also includes the establishment of a common currency, harmonization of economic policies, and potentially a common fiscal and monetary policy. The other options do not include all of these elements.

Like the Common Market,a(n)_______________ Involves the Free Flow of Products