The Most Fully Integrated Form of Regional Cooperation Is Called

question 16

Multiple Choice

The most fully integrated form of regional cooperation is called a:

• A) political union.
• B) common market.
• C) regional cooperation for development (RCD).
• D) customs union.
• E) free trade area (FTA).

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Definitions:

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Programs

Structured plans or initiatives designed to achieve certain goals or outcomes, often referring to software in computing contexts.

Sunglasses

Protective eyewear designed to prevent bright sunlight from damaging or discomforting the eyes.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.