Assume that three countries form a common market.It can be expected that labor and capital are free to move between these countries.

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.Labor and capital are free to move because there are no restrictions on immigration,emigration,or cross-border flows of capital between member countries.

Assume That Three Countries Form a Common Market