The highest degree of economic integration is represented by the Economic Union. Here's a step-by-step explanation:

1. Free Trade Area: This is the most basic form of economic cooperation. Member countries remove all barriers to trade between themselves, but are free to independently determine trade policies with nonmember nations.

2. Customs Union: This is a kind of trade bloc which is composed of a free trade area with a common external tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas.

3. Common Market: A common market is a type of trade bloc which is composed of a customs union with common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise.

4. Economic Union: This is the most advanced form of trade bloc. An economic union involves the removal of barriers to trade (like tariffs and border controls), the movement of capital and labor, and the harmonization of economic policies across member states. It also involves a common currency or a degree of monetary policy coordination.

So, the answer is a. Economic Union.

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The highest degree of economic integration is represented by the Economic Union. Here's a step-by-step explanation:

1. Free Trade Area: This is the most basic form of economic cooperation. Member countries remove all barriers to trade between themselves, but are free to independently determine trade policies with nonmember nations.

2. Customs Union: This is a kind of trade bloc which is composed of a free trade area with a common external tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas.

3. Common Market: A common market is a type of trade bloc which is composed of a customs union with common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise.

4. Economic Union: This is the most advanced form of trade bloc. An economic union involves the removal of barriers to trade (like tariffs and border controls), the movement of capital and labor, and the harmonization of economic policies across member states. It also involves a common currency or a degree of monetary policy coordination.

So, the answer is a. Economic Union.

Knowee AI · Accepted Answer

The highest degree of economic integration is represented by the Economic Union. Here's a step-by-step explanation:

1. Free Trade Area: This is the most basic form of economic cooperation. Member countries remove all barriers to trade between themselves, but are free to independently determine trade policies with nonmember nations.

2. Customs Union: This is a kind of trade bloc which is composed of a free trade area with a common external tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas.

3. Common Market: A common market is a type of trade bloc which is composed of a customs union with common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise.

4. Economic Union: This is the most advanced form of trade bloc. An economic union involves the removal of barriers to trade (like tariffs and border controls), the movement of capital and labor, and the harmonization of economic policies across member states. It also involves a common currency or a degree of monetary policy coordination.

So, the answer is a. Economic Union.

The following are different levels of economic integration. The one with the highest degree of commitment isQuestion 2Answera.Economic Unionb.Custom Unionc.Common Marketd.Free trade area

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