Which of the Following Is True of Regional Trade Agreements

question 64

Multiple Choice

Which of the following is true of regional trade agreements?

• A) They enforce regional restrictions on the cross-border flow of resources and reinforce import-tariffs.
• B) They expose companies based in one member country to increased competition from companies in other member countries.
• C) They hinder the spread of globalization by setting up trade barriers between different countries of the same region.
• D) They provide manufacturing organizations with fewer opportunities to reduce costs and provide managers with fewer threats.
• E) They are created to reduce overall tariffs on goods that flow within a country and increase tariffs on goods that flow between regions.

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