Another name for a common market is
A) FTA.
B) trading bloc.
C) continental community.
D) economic cooperative.

Question

Quizplus · Accepted Answer

A common market is also known as a trading bloc, because it refers to a group of countries that have agreed to reduce or eliminate tariffs and other barriers to trade between them. A common market is not quite the same as a free trade area (option A), which involves a looser agreement between countries to reduce barriers to trade, but not necessarily to the extent of a common market. Options C and D are not commonly used terms to describe a common market.

Another Name for a Common Market Is