Three countries enter into an agreement to remove all tariffs and trade barriers between them. They decide on a common trade policy with regard to nonmembers
Faced with political backlash, the countries stop short of allowing mobility of factors of production such as labor and capital. Which of the following levels of economic integration best describes this arrangement?
A. Political union
B. Customs union
C. Common market
D. Economic union
E. Monetary union
B
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The credit entry for net profit is on the credit side of
(A) The trading account. (B) The profit and loss account (C) The drawings account (D). The capital account
How does the total cost of issuing stock for the first time compare to the costs of other securities?
A) substantially larger than the costs for most other securities B) about the same as the cost for most other securities C) substantially less than the cost for a few other securities D) substantially less than the costs for most other securities