The Primary Difference Between a Common Market and a Customs

question 37

Multiple Choice

The primary difference between a common market and a customs union is that the common market:

• A)adopts a common set of external tariffs on nonmembers.
• B)eliminates all tariffs.
• C)eliminates all trade barriers.
• D)removes all restrictions on the flow of capital and labor among member nations.
• E)the number of countries involved.

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Definitions:

Impersonal Journalism Style

A reporting approach that emphasizes objectivity, factual reporting, and a detached tone, avoiding personal bias or opinion.

Formal Business Report

A structured document that presents information and analysis to assist in business decision-making, often following a standardized format.

Second-Person Pronouns

Pronouns that refer directly to the reader or listener, typically "you," "your," and "yours," used to address the audience directly.

Formal Writing Style

A style of writing that follows specific conventions and is used in professional, academic, or official contexts.