Scenario: Moonland Union Twenty-Six Nations, a Through Z Countries of Moonland Region, Have

question 89

Multiple Choice

Scenario: Moonland Union
Twenty-six nations, A through Z countries of Moonland region, have decided to cooperate with one another to eliminate trade barriers among them and create Moonland Union. They are not sure, however, to what extent they want to cooperate.
-Some countries in Moonland Union are interested in free trade, the free movement of capital and labor, and creating a common trade policy against nonmembers. This type of integration is best described as a(n) ________.

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

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