Question

In a(n) ____, members coordinate and harmonize monetary, fiscal, and taxation policies.
a. common market
b. free trade area
c. customs union
d. economic union

Answer 1

Answer: Economic Union  

Explanation:  
In an economic union a trade bloc is composed of a common market with a customs union. The participant countries have both common policies on product regulation, a common external trade policy, freedom of movement of goods & services and the factors of capital production and labor production .