Economic Integration Whereby Countries Remove Barriers to Trade and the Movement

question 11

Multiple Choice

Economic integration whereby countries remove barriers to trade and the movement of labor and capital among members,set a common trade policy against nonmembers,and coordinate their economic policies is called a(n) ________.

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

---

Definitions:

Selling

The act of offering goods or services in exchange for money or other compensation.

Dividend

A portion of a company's earnings distributed to shareholders as a return on their investment.

Constant

An unchanging value in an equation or model, or a fixed value that does not vary over time.

Abbot Labs

A multinational healthcare company known for its wide range of medical devices, diagnostics, branded generic pharmaceuticals, and nutritional products.