One of the rules of a common market is that all participating nations will uphold a common tariff on goods and services that are imported from countries that are not members of the trading bloc. Goods imported from nonmember countries are more expensive than goods coming from member countries.

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Quizplus · Accepted Answer

This is true, as a common market aims to create a level playing field among its members by eliminating tariffs and trade barriers between them, but imposing a common external tariff on imports from nonmember countries. This makes goods imported from nonmembers more expensive than those from member countries, thus encouraging trade among members.

One of the Rules of a Common Market Is That