Question

5 select all the correct answers. which three 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

Explanation:

An economic union has common trade regulations for member - states to promote trade. It allows free movement of capital, labor, and goods among members to enhance economic integration. National governments still exist in an economic union, and it does not prohibit all external trade.

Answer:

• common trade regulations
• free movement of capital and labor
• free movement of goods