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

Question

Quizplus · Accepted Answer

Regional economic integration refers to the agreements between blocs of countries that are designed to promote free trade and economic cooperation. Examples include the European Union, ASEAN, and Mercosur. It goes beyond merely individual countries or firms making trading agreements, as it involves a broader effort to integrate economies and create a single market.

Regional Economic Integration Is Defined as