Which of the Following Is True of a Common Market

question 67

Multiple Choice

Which of the following is true of a common market?

• A)All barriers to the trade of goods and services among member countries are removed and each country maintains its own policy toward nonmember countries.
• B)It involves the free flow of products and factors of production between member countries and adoption of individual external trade policies.
• C)It has no barriers to trade between member countries,includes a common external trade policy,and allows factors of production to move freely between members.
• D)It eliminates trade barriers between member countries and adopts a common external trade policy and a common currency.

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Definitions:

Twisted Wire Pair

A type of wiring where two conductors are twisted together to cancel out electromagnetic interference and improve communication reliability.

Electromagnetic Interference

refers to the disturbance that affects an electrical circuit due to either electromagnetic induction or electromagnetic radiation emitted from an external source.

Data Backbone

The core infrastructure of a network that connects different parts of the network, providing a path for the exchange of information.

Multiplexing

A method in telecommunications and signal processing that combines multiple signals into one signal over a shared medium to improve efficiency.