Each form of economic integration benefits a nation as a whole, but can hurt certain sectors or communities within the economy.

Question

Quizplus · Accepted Answer

Economic integration, such as free trade agreements or customs unions, generally promotes overall economic growth by allowing countries to specialize and trade more freely. However, it can also lead to job losses or reduced profitability in sectors that face increased competition from imports, negatively impacting specific communities or industries within the economy.

Each Form of Economic Integration Benefits a Nation as a Whole