Which of the following statements about a trade bloc/agreement is accurate? A) Increased competition within a trade bloc

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Which of the following statements about a trade bloc/agreement is accurate? A) Increased competition within a trade bloc

Post by answerhappygod »

Which of the following statements about a trade bloc/agreement
is accurate?
A) Increased competition within a trade bloc can result in
higher prices for member countries.
B) A trade bloc may lower firms' costs by allowing them to
exploit economies of scale.
C) The gains from a trade bloc are shared equally by each
member.
D) A trade bloc will decrease the opportunity for business
investments.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”