Which of the following are trade alliances in which several countries agree to work together to form a common trade area that enhances trade opportunities among those countries?
A)boycotts
B)regional unifications
C)market groupings
D)free trade nations

Question

Quizplus · Accepted Answer

Market groupings are trade alliances in which multiple countries agree to collaborate and form a common trade area that enhances trade opportunities among those countries. Examples of market groupings include the European Union, Mercosur, the Association of Southeast Asian Nations (ASEAN), and the North American Free Trade Agreement (NAFTA). Boycotts are a form of protest where people or organizations refuse to engage with a person, group, or business. Regional unifications and free trade nations are not specific trade alliances.

Which of the Following Are Trade Alliances in Which Several