Either negative or positive effects may result when a group of countries trade freely among themselves but maintain common barriers to trade with nonmembers.

Question

Quizplus · Accepted Answer

This statement is true. The group of countries may benefit from increased trade and economic integration, leading to greater economic growth and job creation. On the other hand, nonmember countries may suffer from trade restrictions, leading to a loss of market access and decreased economic opportunities.

Either Negative or Positive Effects May Result When a Group