Question

In a(n) ________, members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production.

Answer 1

Answer:

A Common Market

Explanation:

A Common Market is the one where a group is created or established by countries within the area of geographical in order to encourage the duty free trade as well as the free labor movement and also the capital among the members. In the market, it imposes a common external tariff on the imports.

So, in this market, members eliminate the barriers of trade and adopt or follow the common policy.