A common market is the stage of integration when countries lower their tariffs to each other and build a common tariff toward the outside world.

Name: A common market is the stage of integration when countries lower their tariffs to each other and build a common tariff toward the outside world.
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Question

Quizplus · Accepted Answer

A common market involves not only lowering tariffs and establishing a common external tariff but also allows for the free movement of goods, services, capital, and labor among member countries.

A Common Market Is the Stage of Integration When Countries