The union created when member countries of an economic and monetary union work closely with one another to arrive at common defense and foreign policies and behave as a single country is known as a(n)_____.
A) customs union
B) economic union
C) free trade area
D) common market
E) political union

Question

Quizplus · Accepted Answer

The description provided in the question aligns with a political union, which involves member countries pooling their sovereignty to form a single entity with common policies on defense, foreign affairs, and other strategic areas. A customs union involves a common external tariff, an economic union goes beyond free trade by allowing for the coordination of economic policies, a free trade area eliminates tariffs and quotas among member countries, and a common market takes free trade a step further by allowing the free movement of goods, services, capital, and labor.

The Union Created When Member Countries of an Economic and Monetary