Economic Integration (id: 87358fdce)

本题目来源于试卷: Economic Integration，类别为 IB经济学

[单选题]
Assume several countries form a tr ic11gbu ,znkon:ybwho;g.+0e 0 a4vuading bloc with only the foxb lzqm;k;p/,llowing features:
common external tariffs
removal of all internal trade barriers
free movement of labour and capital.
What type of trading bloc have these countries formed?

A. Common markets
B. Customs unions
C. Monetary union
D. Free trade areas


参考答案:  A


本题详细解析:

A

$\underset{‾}{\text{Explanation}}$:
Common markets are trading blocs that feature:

• common external tariffs for non-member countries
• removal of trade barriers among member countries
• free movement of goods, labour, capital, and technology

(Choice B) Customs unions do not allow free movement of labour and capital
(Choice C) Monetary unions also have a common currency
(Choice D) Free trade areas do not include common external tariffs or free movement of goods, labour, capital and technology.

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