题目内容
Economicintegrationistheprocessofeliminatingrestrictionsoninternationaltrade,payments,andfactormobility.
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When a group of countries establish a free-trade area, they achieve the highest stage of economic integration.
Afree-trade area is an association of trading countries whose members agree to remove all trade restrictions among themselves, while each member country imposes identical trade restrictions against nonmember countries.
If the United Kingdom and Italy eliminate all tariffs on each other's goods and all restrictions to factor movements between them, and implement a uniform system of import restrictions against the rest of the world, these countries have formed a common market.
Thehigheststageofeconomicintegrationisamonetaryunion.
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