What is a trade bloc?
A) A group of countries that are self-su?cient and do not trade.
B) A group of countries that has agreed to remove all trade barriers among themselves.
C) A group of neighboring countries that implement the same level of tariffs while trading with each other.
D) A group of countries that use the same currency.

Question

Quizplus · Accepted Answer

A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states.

What Is a Trade Bloc