Question

Spain and Italy are both members of the European Union. Nayeli, a Spaniard, is able to purchase Italian-made bags from a handbag store in Spain without paying additional taxes. The market created by the European Union is a(n) _____.

Answer 1

Answer:

The correct answer is letter "C": Globalized market.

Explanation:

Globalized markets are those characterized by trade networks among countries cooperating with the commercialization of products and services of each other. Countries with globalized markets tend to gather to define the trade conditions as well to negotiate lower tariffs to allow the increase of exports, thus, a boost in their economies.