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 non-member countries are more expensive than goods coming from member countries.
Member nations agree to an external tariff directed toward all non-member nations.Non-member nations do not belong to their trading bloc.

Question

Quizplus · Accepted Answer

This statement accurately describes one of the rules of a common market. Member nations agree to a common external tariff on goods and services imported from non-member countries, which causes these goods to be more expensive compared to goods imported from member countries.

One of the Rules of a Common Market Is That