What is the difference between a common market and a free-trade area? What are some examples of each?

Fill in the blank(s) with the appropriate word(s).


A common market is a regional trade bloc that reduces its internal tariffs to zero and then establishes a common external tariff, while a free-trade area is a regional trade bloc that reduces its internal tariffs to zero but allows members to retain different external tariffs. Examples include the European Common Market, European Free Trade Area, Central American Common Market, Andean Common Market, East African Common Market, and Latin American Free Trade Association.

Political Science

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During the collection of property taxes, which of the following steps is taken after the local governing body sets the millage?

A. gerrymandering B. severance C. assessment D. malapportionment E. referendum

Political Science

A lobbyist from the NRA (National Rifle Association) meeting with a member of Congress to discuss firearms legislation is an example of which of the following?

A. The free-rider problem B. A party coalition C. An indirect technique D. A direct technique E. A boycott

Political Science

In 1965, which of the following laws was passed by Congress that effectively ended strategies that had discriminated against African Americans at the polls?

A. Civil Rights Act B. Equal Voting law C. Federal Rights Act D. Motor Voter law E. Voting Rights Act

Political Science

Making changes to the bureaucracy would be easier if it was only accountable to one master

Indicate whether the statement is true or false

Political Science