The _____ is a form of multinational economic integration that seeks to reconcile all government regulations affecting trade.
A)common market
B)customary union
C)free-trade area
D)cooperation council

Question

Quizplus · Accepted Answer

A common market is a form of economic integration that not only eliminates trade barriers among member countries but also harmonizes regulations and policies affecting economic activity in member states. This means that a common market seeks to ensure that all participating countries have consistent economic rules, including product standards, investment regulations, and competition policies. This facilitates trade and investment flows among member countries and enhances economic efficiency, benefiting all parties involved. In contrast, a free trade area may eliminate tariffs and trade barriers, but member countries maintain independent regulatory regimes that may create barriers to trade and investment. A customary union and cooperation council are not related to economic integration.

The _____ Is a Form of Multinational Economic Integration That