Which of the following is true of trading blocs? Regional trading blocs are slow

Question

Which of the following is true of trading blocs?

Regional trading blocs are slowly being replaced by independent national markets.

The individual countries that comprise trading blocs have disappeared completely.

Trading blocs are created by countries that prefer not to participate in the global market.

The customs and norms of individual countries that comprise trading blocs still prevail.

Regional trading blocs are slowly being replaced by independent national markets.

The individual countries that comprise trading blocs have disappeared completely.

Trading blocs are created by countries that prefer not to participate in the global market.

The customs and norms of individual countries that comprise trading blocs still prevail.

Explanation / Answer

Trading blocs are created by countries that prefer not to participate in the global market.

Trading blocs are created by countries that prefer not to participate in the global market.

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