A trade bloc allows member countries to import from other member countries freely, but imposes trade barriers against imports from countries outside the bloc.

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Quizplus · Accepted Answer

This statement is true. Trade blocs are formed to promote free trade and economic integration among member countries by allowing free trade among them but restricting trade with other countries outside the bloc. Examples of trade blocs include the European Union, ASEAN, and NAFTA.

A Trade Bloc Allows Member Countries to Import from Other