Which of the Following Statements Best Describes Trading Blocs

question 146

Multiple Choice

Which of the following statements best describes trading blocs?

• A)groups of countries that use a common currency in order to borrow from member nations
• B)groups of countries that have reduced or eliminated tariffs allowing for a free flow of goods among member nations
• C)groups of countries that prohibit trade with non-member nations
• D)groups of countries that are freely trading

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