Which of the following is true with regard to an economic union? A. T

QUESTION

Which of the following is true with regard to an economic union?

A. There are restrictions on immigration, emigration, or cross-border flow of capital among member countries.

B. It entails less economic integration and cooperation than a common market.

C. It involves the free flow of products and factors of production among member countries.

D. It is defined as a central political apparatus that coordinates the economic, social, and foreign policy of the member-states.

E. It does not adopt a common external trade policy.

ANSWER

C