some countries in Moonland Union are interested not just in free trade among themselves and a common trade policy against nonmembers, but also in removing all barriers to the movement of labor and capital among themselves. This type of integration is best described as a ________.

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01-11-2019
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some countries in Moonland Union are interested not just in free trade among themselves and a common trade policy against nonmembers, but also in removing all barriers to the movement of labor and capital among themselves. This type of integration is best described as a ________.

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Answer: Common Market

Explanation: A common market is a form of economic integration that allows free flow of factors of production and free flow of goods and services among participating countries. A common market also puts in place a common trade policy against countries that aren't part of the common market.

In a free trade, participating countries removes barriers to the flow of goods and services.