Question

A common market A) Does not allow free movement of factors of production among nations B)...

A common market

A) Does not allow free movement of factors of production among nations

B) Does not permit free movement of goods among member nations

C) Allows the imposition of common external trade barriers against non-members

D) Represents less economic integration than a free trade area

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Answer #1

Solution-

A common market Does not allow free movement of factors of production among nations

The correct option is A. Does not allow free movement of factors of production among nations

Reason

A common market is a group of trading nations that permits (1) the free movement of goods and services among member nations, (2) the initiation of common external trade restrictions against nonmembers, and (3) the free movement of factors of production across national borders within the economic bloc. The common market thus represents a more complete stage of integration than a free trade area or a customs union.

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