Regional economic integration is defined as the creation of ________.
A) agreements between individual firms for the sake of commerce
B) trading agreements between individual countries
C) trading agreements between individual firms
D) trading agreements between countries and firms
E) trading agreements between blocs of countries

Question

Quizplus · Accepted Answer

Regional economic integration refers to the collaboration between countries in a similar geographic region to reduce trade barriers and increase economic cooperation. This collaboration results in the formation of blocs such as the European Union, Mercosur, and NAFTA. Therefore, the best choice is E, which indicates that regional economic integration involves trading agreements between blocs of countries.

Regional Economic Integration Is Defined as the Creation of ________