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Question
Which of the following is true with regard to an economic union?
A. There are restrictions on immigration, emigration, or cross-border flows of capital among member-countries.
B. It entails less economic integration and cooperation than a common market.
C. It involves the free flow of products and factors of production among member-countries.
D. It is defined as a central political apparatus coordinates the economic, social, and foreign policy of the member states.
E. It does not adopt a common external trade policy.
Answer
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