Which of the following is an example of an economic community?
A) NATO
B) BRIC
C) NAFTA
D) GATT
E) WTO

Question

Quizplus · Accepted Answer

NAFTA (North American Free Trade Agreement) is an economic community formed by the United States, Canada, and Mexico. It promotes trade and investment between the three countries by eliminating most tariffs, quotas, and other trade barriers. NATO (North Atlantic Treaty Organization) is a military alliance, BRIC (Brazil, Russia, India, China) is a grouping of emerging economies, GATT (General Agreement on Tariffs and Trade) was a multilateral agreement regulating international trade, and WTO (World Trade Organization) is a global organization dealing with the rules of trade between nations.

Which of the Following Is an Example of an Economic