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:

Networked Cultures

Social and organizational cultures that are formed and operate through digital networks and communication technologies, facilitating global connections.

Trust

Confidence in the reliability, truth, ability, or strength of someone or something.

Communicate

The act of conveying information or expressing ideas and feelings through speech, writing, signals, or behavior to effectively share meanings.

Spiritual Culture

Refers to the beliefs, practices, rituals, and values that connect individuals to a sense of something greater than themselves, often manifesting in organizational settings as values that guide behavior and decision-making.