Question

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 ________.

Answer 1

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.