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Which Feature Of An Economic Union Differentiates It From A Common Market

? A. Free flow of products and factors of production between member countries B. A common monetary and fiscal policy C. Acommonexternaltradepolicytowardnonmembers D. Ability of factors of production to move freely between members
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B An economic union entails even closer economic integration and cooperation than a common market. Like the common market, an economic union involves the free flow of products and factors of production among member countries and the adoption of a common external trade policy, but it also requires a common currency, harmonization of members' tax rates, and a common monetary and fiscal policy.

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