Which of the Following Statements About a Trade Bloc Is

question 53

Multiple Choice

Which of the following statements about a trade bloc is accurate?

• A)The gains from a trade bloc are shared equally by each member.
• B)Increased competition within a trade bloc can result in higher commodity prices in the domestic markets of the member countries.
• C)A trade bloc may lower firms' costs by allowing them to exploit economies of scale.
• D)A trade bloc can increase the opportunities for domestic business investments but usually repels foreign direct investments into the member countries.

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Definitions:

Economic Survival

The ability of an individual, household, or entity to maintain sufficient income or resources to support its livelihood and meet basic needs.

Equality In Relationship

A state of being equal in rights, responsibilities, and opportunities within interpersonal relationships, promoting fairness and mutual respect.

Career Interest

Refers to the specific professions or fields a person feels drawn to or passionate about pursuing.

Lesbian

A woman who is romantically or sexually attracted to other women.