Economic integration
A) occurs when two or more nations join to form a free-trade zone.
B) occurs when countries develop an acquired comparative advantage that makes their industries more competitive in international markets.
C) occurs when countries are granted most-favored-nation status.
D) occurs when one country voluntarily agrees to reduce its exports to another country.

Question

Quizplus · Accepted Answer

Economic integration refers to the process where two or more nations join to form a free-trade zone, allowing for the easier flow of goods and services across their borders without the hindrance of tariffs or trade barriers.

Economic Integration