The Andean Community now operates as a _____.
A) common market
B) economic union
C) customs union
D) command economy
E) political union

Question

Quizplus · Accepted Answer

The Andean Community is a customs union, which means that its member countries have agreed to eliminate trade barriers among themselves and impose a common external tariff on goods from non-member countries. Unlike an economic union, they do not coordinate economic policies or have a common currency, nor is it a political union with a centralized government.

The Andean Community Now Operates as a _____