A common market has no barriers to trade among member countries, includes a common external trade policy, and allows factors of production to move freely among members
Indicate whether the statement is true or false.
TRUE
A common market has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members. Labor and capital are free to move because there are no restrictions on immigration, emigration, or cross-border flows of capital between member countries.
You might also like to view...
In which of the following situations would oral evidence be allowed?
a. To contradict the terms of a partially integrated contract. b. To clarify the terms of a partially integrated contract. c. To prove that a written contract has be cancelled. d. a and b e. b and c
As Ben manages communications for his company's watch brand, which has reached the decline stage in the product life cycle, which of the following marketing communications mix tools is he most likely to continue?
A) interactive marketing B) advertising C) personal selling D) direct marketing E) sales promotion