Question

multiple choice question
what is a benefit of being a member of a common market, or \trading bloc\?

• homogeneous wages
• no internal tariffs
• common budgets
• avoid taxes completely

need help? review these concept resources.
read about the concept

Explanation:

A common market (trading bloc) aims to facilitate trade among members. One key feature is the elimination of internal tariffs (taxes on goods moving between member countries) to boost trade. Homogeneous wages aren’t a benefit of a common market (wages vary due to multiple factors). Common budgets are not typical (e.g., EU has a budget but it’s not “common” in a way all members share equally in a simple sense). Avoiding taxes completely is impossible (members still have domestic taxes). So the correct benefit is no internal tariffs.

Answer:

B. no internal tariffs