An Organization of Nations Formed to Promote the Free Movement

question 233

Multiple Choice

An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies is called a(n)

• A) economic community.
• B) free trade association.
• C) common market.
• D) international alliance.
• E) none of the answer choices.

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Definitions:

State Regulations

State regulations are legal requirements established by individual states that govern the operation of businesses, aiming to protect the public interest.

Corporations

Legal entities that are separate and distinct from their owners, providing limited liability protection, and have the ability to raise capital through the issuance of stocks.

Proprietorships

Proprietorships are businesses owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Partnerships

A legal form of business operation between two or more individuals who share management and profits.