_____ are trade alliances in which several countries agree to work together to form a common trade area that enhances trade opportunities among those countries.
A)Exchange controls
B)Market groupings
C)Joint ventures
D)Direct foreign investments

Question

​_____ are trade alliances in which several countries agree to work together to form a common trade area that enhances trade opportunities among those countries.
A)Exchange controls
B)​Market groupings
C)​Joint ventures
D)Direct foreign investments

Quizplus · Accepted Answer

Market groupings, also known as regional trade agreements, involve several countries agreeing to establish a shared trade area that promotes trade among them by reducing barriers such as tariffs and quotas. Examples of market groupings include the European Union, NAFTA, and ASEAN.

​_____ Are Trade Alliances in Which Several Countries Agree to Work

_____ Are Trade Alliances in Which Several Countries Agree to Work