A trading arrangement that commits participating nations to remove all barriers to trade among their group to

Question

A trading arrangement that commits participating nations to remove all barriers to trade among their group, to

abide by common restrictions on trade with other countries outside the group, to allow unhindered movements of factors of production within the group, and to closely coordinate all economic policies with other participants is known as:

Select one:

a. a customs union.

b. a free trade area.

c. a common market.

d. an economic union.

Economics