An economic bloc is a group of countries that join together to promote and integrate their economies. This involves cooperation in areas such as trade, investment, regulation, and infrastructure development. It does not necessarily involve political integration, but it often leads to closer political ties among member nations.

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An Economic Bloc Is

Question 23

Multiple Choice

An economic bloc is:

A) an integration of the economic and political activities of member nations.
B) a global cartel of nations enforcing economic rules among member states.
C) all of the competing nations in the same marketplace.
D) the goal of a global marketplace.

Correct Answer: