A Market Formed When Member Countries of a Customs Union

question 49

Short Answer

A market formed when member countries of a customs union remove all barriers to allow the movement of capital and labor within the customs union refers to _______.

---

Definitions:

Squared Deviation

The squared differences between each observation and the mean, used as part of the calculation for variance.

Variance

A measure of the dispersion representing the average of the squared differences from the Mean.

Score

A numerical or categorical representation of a performance, achievement, or the outcome of an assessment.

Mean

The arithmetic average of a set of values, calculated by dividing the sum of the values by the number of values.