Which Feature of a Common Market Differentiates It from a Customs

question 70

Multiple Choice

Which feature of a common market differentiates it from a customs union?

• A) Harmonization of members' tax rates
• B) A common currency
• C) A common external trade policy toward nonmembers
• D) Ability of factors of production to move freely between members

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Definitions:

Extinction

The process by which a species, genus, or family of organisms becomes extinct, no longer existing and living in the world.

Spontaneous Recovery

The rebirth of an extinguished response after a break, without the need for relearning.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.

Counterconditioning

A behavioral therapy technique that involves the conditioning of an unwanted behavior or response to a stimulus into a desired behavior by associating the stimulus with a new, incompatible response.