To Spur Trade, Four South American Countries Decide There Will

question 102

Multiple Choice

To spur trade, four South American countries decide there will be no barriers to trade between the countries, agree on a common external trade policy, and allow factors of production to move freely between them. In short, the four countries formed a(n)

• A) command economy.
• B) customs union.
• C) common market.
• D) efficient market.
• E) free trade area.

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Definitions:

Recruiting Abroad

The process of identifying, attracting, and hiring candidates from other countries for employment, often to fill skill shortages or diversify the workforce.

Employment Visas

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Advertising

The act of promoting products, services, or brands through various media channels to attract and engage customers.

Organization Size

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