A regional trade agreement involves:
a. Most, if not all, the nations in the world.
b. several nations, usually trading partners, with a common agenda or geographically linked.
c. nations that agree to trade only with nations in their region.
d. a region of the world with not only trade issues but also political cohesiveness.
Ans: b. several nations, usually trading partners, with a common agenda or geographically linked.
You might also like to view...
In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing 4 units of X and 6 units of Y. Regarding the production of good X
A) country A has an absolute advantage. B) country B has an absolute advantage. C) country A has a comparative advantage. D) country B has a comparative advantage.
The price of a financial asset equals the
A) future value of all payments B) sum of all payments C) present value of all future payments D) difference between the future value and present value of all payments