Which of the Following Is a Criticism That Economists Have

question 167

Multiple Choice

Which of the following is a criticism that economists have against regional free trade areas?

• A) Some countries have abandoned the WTO to join the regional trade areas.
• B) Regional trade areas have been more successful in promoting worldwide trade than the WTO.
• C) Regional trade areas promote trade within the trade area, but they do little to promote trade across the globe.
• D) Regional trade areas require that member countries first withdraw membership from the WTO.

---

Definitions:

Japan

An island country in East Asia, known for its rich culture, technological advancements, and historical significance.

Popular

Widely accepted, favored, or admired by a large number of people or within a specific group or community.

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and economic power.

Gain-Sharing Programs

Compensation programs where employees receive benefits from the company's cost-saving measures or productivity increases.