Three countries agree to remove barriers to trade between member countries and adopt a common external trade policy toward nonmembers. They also agree to allow people and other factors of production to move freely across their borders. Which level of economic integration is this an example of?
A) Bonded market
B) Customs union
C) Free trade area
D) Common market

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.

Three Countries Agree to Remove Barriers to Trade Between Member