Out of the following, which one is an example of regional economic integration?
A) European Union
B) British Commonwealth
C) AT T and T-Mobile merger
D) Coca-Cola international operations

Question

Quizplus · Accepted Answer

The European Union is an example of regional economic integration as it involves the integration of markets among European countries through the removal of trade barriers and the adoption of common trade policies. The British Commonwealth is a political organization rather than an economic one, while the AT&T and T-Mobile merger and Coca-Cola's international operations are examples of corporate-level integration rather than regional economic integration. The European Union is an example of regional economic integration as it is the union of European countries that have created a single market with free movement of goods, services, and people among member states. The British Commonwealth is a political association of 54 member states, of which only 16 are considered "commonwealth realms" with the British monarch as their head of state. The AT T and T-Mobile merger is an example of horizontal integration, where two companies in the same industry merge to gain market share and reduce competition. Coca-Cola international operations refer to the global expansion of a company across various regions, but it is not an example of regional economic integration.

Out of the Following, Which One Is an Example of Regional