Trading blocks help to counteract the effects of
A)MNCs.
B)labor unions.
C)cartels.
D)treaties.
E)protective tariffs.

Question

Quizplus · Accepted Answer

Protective tariffs can have negative impacts on trade between nations, as they can make imports more expensive and less competitive with domestic goods. Trading blocks, such as the European Union or NAFTA, can help counteract the effects of protective tariffs by reducing barriers to trade within the block and promoting the free flow of goods and services between member nations.

Trading Blocks Help to Counteract the Effects of