Common Markets Differ from Customs Unions in That Common Markets

question 60

Multiple Choice

Common markets differ from customs unions in that common markets ________.

• A) allow the free movement of products, services, and factors of production between member countries
• B) eliminate tariffs and non-tariff trade barriers when trade and business investments occur between member nations
• C) share a regulated system of tariff rates between member nations and equally distribute tax revenue received from non-member countries
• D) involve a central authority overseeing the monetary, tax, and fiscal policies of member nations

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