Which of the following is a feature of a common market?
A)Absence of a common external trade policy with regard to nonmembers
B)Free movement of factors of production between member nations
C)Establishment of barriers to the free flow of goods between member nations
D)Lack of administrative machinery to oversee trade relations with nonmembers
E)Mandatory use of a common currency among member nations

Question

Quizplus · Accepted Answer

A common market has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members.

Which of the Following Is a Feature of a Common