What Are Trading Blocs

question 81

Multiple Choice

What are 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

---

Definitions:

Insider Trading

The illegal practice of trading a public company's stock or other securities based on material, non-public information about the company.

Prospects

Potential customers or clients, or the likelihood of future success in a particular area.

Administrative Agencies

Governmental bodies responsible for the oversight and administration of specific functions, such as regulation or enforcement of laws and public policies.

Criminal Laws

Laws that define behaviors prohibited by the state because they threaten, harm, or otherwise endanger the safety and welfare of the public.