Which of the following allows member countries to import from other member countries freely, but imposes trade barriers against imports from outside countries?
A)A trade embargo
B)A trade bloc
C)A cultural union
D)A trade union

Question

Quizplus · Accepted Answer

A trade bloc is a type of intergovernmental agreement where member countries agree to allow free trade between themselves, but impose trade barriers against imports from outside countries. Examples include the European Union and the North American Free Trade Agreement (NAFTA). A trade embargo is a complete ban on all trade with a particular country, while a cultural union and trade union are not relevant to this concept.

Which of the Following Allows Member Countries to Import from Other