Which of the following is a key feature of a common market which is absent in a customs union?
A)Common external trade policy with regard to nonmembers
B)Movement of factors of production between member nations
C)Removal of barriers to the free flow of goods between member nations
D)Removal of barriers to the free flow of services between 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.A customs union eliminates trade barriers between member countries and adopts a common external trade policy.

Which of the Following Is a Key Feature of a Common