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. (True/False)

Question

Anton Jordan

Business

20 February, 10:26

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. (True/False)

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Answers (1)

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Elsa Bowers · Answer 1

True.

Explanation:

usually the tariff that member countries have is lower than that of non-member countries, this makes the cost of the tariff become part of the final cost of the item purchased