What Have a Group of Nations Created When They Agree

question 63

Multiple Choice

What have a group of nations created when they agree to the exchange of goods among themselves by abolishing tariffs and trade restrictions?

• A) a common market
• B) a customs union
• C) a trading block
• D) a free trade area

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Definitions:

Emergent Groups

Groups that form spontaneously based on common interests, needs, or goals, often arising in response to specific events or circumstances.

Social Groups

Collections of individuals who interact and share a sense of unity or common identity, often with shared interests, values, or goals.

Candour

The quality of being open, honest, and straightforward in expression or communication.

Gain Understanding

To acquire knowledge or comprehension of a subject, situation, or concept.