In the context of regional trade integration,concern about ______________ arise because close economic integration demands that countries give up some degree of their control over such key policy issues as monetary policy,fiscal policy,and trade policy.
A) cost
B) national sovereignty
C) financial stability
D) cultural uniformity
E) tax sharing

Question

Quizplus · Accepted Answer

National sovereignty is the concern that arises in the context of regional trade integration because it involves giving up some degree of control over key policy issues, such as monetary policy, fiscal policy, and trade policy. This can be perceived as a loss of independence and control over national decision-making processes, which can generate resistance among some sectors of society. Other concerns, such as cost, financial stability, cultural uniformity, and tax sharing, may also arise, but they are not as directly linked to the issue of national sovereignty.

In the Context of Regional Trade Integration,concern About ______________ Arise