A. each member operates its own barriers against non-members
B. factors of production are mobile
C. members adopt a common external tariff against non-members
D. members adopt common fiscal and economic policies
Correct Answer:
Option B – factors of production are mobile
Explanation
Free trade is a trade policy where goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…