A(n)__________ has features of a customs union but goes a step further by eliminating barriers that restrict the movement of labor,capital,and technology among member nations.

Question

Quizplus · Accepted Answer

A common market has all the features of a customs union, with the added benefit of eliminating barriers to the movement of labor, capital, and technology among member nations. This means that not only are goods and services traded freely, but factors of production can move freely as well.

A(n)__________ Has Features of a Customs Union but Goes a Step