Which of the Following Is Defined as a Group of Countries

question 108

Multiple Choice

Which of the following is defined as a group of countries committed to removing all barriers to the free flow of goods and services between each other, but pursuing independent external trade policies?

• A)Free trade area
• B)Command economy
• C)Efficient market
• D)Foreign exchange market
• E)Location economy

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Definitions:

Industrial Market

The market for goods and services sold to and bought by businesses and institutions, rather than consumers.

Prescription Drugs

Medications that legally require a medical prescription to be dispensed, typically regulated by legislation to require a medical diagnosis and supervision by a licensed healthcare provider.

Diabetes Testing Supplies

Products and devices used by individuals with diabetes to monitor their blood sugar levels, such as glucose meters, test strips, and lancets.

Reseller

A business that purchases goods or services with the intention of selling them to others, rather than consuming or using them.