A common market is characterized by:
A) use of a common currency among members.
B) harmonization of monetary policies.
C) factor mobility.
D) uniform taxation among member nations.

Question

Quizplus · Accepted Answer

A common market is characterized by the free movement of goods, services, capital, and people among member nations. This is known as factor mobility, where businesses and workers can move freely and operate in different countries within the market. The other options listed (use of a common currency, harmonization of monetary policies, uniform taxation) are characteristics of a monetary union, not a common market.

A Common Market Is Characterized By