A Common Market Is a Group of Countries That Have

question 144

True/False

A common market is a group of countries that have no internal tariffs among member nations, yet have a common external tariff.

---

Definitions:

Insurer

A company or entity that provides insurance coverage to policyholders in exchange for premiums.

Deductible

An amount that a policyholder must pay out of pocket before an insurance company will cover any expenses.

Premium

The amount paid for an insurance policy or the fee charged by insurers for providing coverage.

Comprehensive Coverage

A type of automobile insurance that provides protection against loss when the insured’s car is damaged or destroyed by fire, lightning, flood, hail, windstorm, riot, vandalism, or theft.