Question

Which of the following are characteristics of an economic union?

common trade regulations
absence of national governments
free movement of capital and labor
prohibition on all external trade
free movement of goods
CHOOSE 2

Answer 1

Regulation of Trade: Mastery Test

Economics

Question #1

Which three of the following are characteristics of an economic union?

Answers:

• common trade regulations

• absence of national governments
• free movement of capital and labor
• prohibition on all external trade
• free movement of goods

The answers are:

1. common trade regulations

3. free movement of capital and labor

5. free movement of goods

Step-by-step explanation:

I took the test and all of these are 100% correct

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Answer 2

The correct answers are:

- common trade regulations;

- free movement of capital and labor;

- free movement of goods;.......

Step-by-step explanation:

The economic unions are made with the purpose of enabling two or more countries to be able to trade between each other with ease and without restrictions and problems. The labor force to be able to move freely in each of them, if there's need for it of course, as well as the free movement of capital, and free movement of goods. These things are all made in a way that they will be well suited for each member of the economic union, and that it will enable the economy of each member to improve.