Reduction in trade barriers is associated with the emergence of ________.
A) fragmentary monetary and fiscal policies across the borders
B) regional economic integration blocs
C) widespread violation of intellectual property rights law
D) violation of GATT provisions

Question

Quizplus · Accepted Answer

Reduction in trade barriers often leads to the emergence of regional economic integration blocs, as countries seek to enhance trade and economic cooperation among themselves. This can include agreements such as free trade areas, customs unions, and common markets, which aim to facilitate the movement of goods, services, capital, and labor across member countries' borders.

Reduction in Trade Barriers Is Associated with the Emergence of ________