When a group of countries agree to remove barriers to the free movement of labor and capital as well as any remaining nontariff barriers on goods and services,this is usually called a
A) common market.
B) monetary union.
C) customs union.
D) customs market.

Question

Quizplus · Accepted Answer

A common market is a type of economic integration where member countries agree to remove barriers to the free movement of labor and capital as well as any remaining nontariff barriers on goods and services. This means that people, goods, services, and capital can move freely between member countries without any restrictions or hindrances. The European Union (EU) is an example of a common market.

When a Group of Countries Agree to Remove Barriers to the Free