Political integration of market blocs involves member states sacrificing national political and economic sovereignty to have region-wide fiscal, monetary policies and a common currency

Question

Quizplus · Accepted Answer

Political integration in market blocs indeed involves member states giving up some level of their national sovereignty to adopt shared policies and mechanisms, such as a common currency and unified fiscal and monetary policies, to ensure the smooth functioning and competitiveness of the bloc as a whole.

Political Integration of Market Blocs Involves Member States Sacrificing National