Which of the Following Observations Makes the Case for Regional

question 11

Multiple Choice

Which of the following observations makes the case for regional economic integration?

• A)International institutions such as the World Trade Organization have been moving the world toward a free trade regime.
• B)While a nation as a whole may benefit significantly from a regional free trade agreement,certain groups may lose.
• C)It is easier to establish a free trade regime among a limited number of adjacent countries than among the world community.
• D)Regional economic integration results in trade diversion whereas global integration results in trade creation.

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Definitions:

Self-Confident

Having a strong belief in one's own abilities and making decisions without undue hesitation.

Relaxed

A state of being free from tension and anxiety.

Irresistible

Having an overwhelming appeal or allure that makes it impossible to resist.

Viral Infection

The invasion and multiplication of viruses in the body, which can cause disease.