1

A _______________ focuses on eliminating internal tariffs with member countries levying a common external tariff on goods being imported from nonmembers. Additionally, this type of regional economic integration allows free mobility of production factors such as labor and capital.

Correct Answer: common market

Make the most of this question

This page focuses on one International Business question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

International Business MCQ: A _______________ focuses on eliminating internal tariffs with member countries levying a common external tariff on goods being imported from nonmembers. Additionally, this type of regional economic integration allows free mobility of production factors such as labor and capital. | Extra Education