A Market Formed When Members of a Common Market Agree

question 44

Multiple Choice

A market formed when members of a common market agree to implement common social programs and coordinated macroeconomic policies that would lead to the creation of a single regional currency and a regional apex central bank is known as a(n) _____.

• A) customs union
• B) economic union
• C) free trade area
• D) common market
• E) political union

---

Definitions:

Business Negotiations

The process of discussing and reaching a mutually beneficial agreement between parties, in a business context.

Abrasive

A material or substance used for grinding or polishing, or a personality trait characterized by harshness or a lack of tact.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Self-Awareness

Self-Awareness involves the conscious knowledge of one’s own character, feelings, motives, and desires, playing a critical role in personal development.