Scenario: Moonland Union
Twenty-six nations,A through Z countries of Moonland region,have decided to cooperate with one another to eliminate trade barriers among them and create Moonland Union.They are not sure,however,to what extent they want to cooperate.
-Some countries in Moonland Union are interested not just in free trade among themselves and a common trade policy against non-members,but also in removing all barriers to the movement of labour and capital among themselves.This type of integration is best described as a(n)________.
A)free trade area
B)economic union
C)customs union
D)common market

Question

Quizplus · Accepted Answer

A common market involves not just free trade in goods and services, but also free movement of labor and capital. This option best describes the level of integration that some Moonland Union countries are interested in.

Scenario: Moonland Union Twenty-Six Nations,A Through Z Countries of Moonland Region,have Decided to Region,have