Which of the following is true of economic communities?
A) They were formed to mediate global trade disputes.
B) They tend to improve imports and hinder exports.
C) They were formed to increase trade barriers between member nations.
D) They require member countries to establish one currency.
E) They are groups of nations organized to work toward common goals.

Question

Quizplus · Accepted Answer

Economic communities are groups of nations organized to work toward common goals, such as reducing trade barriers and increasing economic cooperation among member countries.

Which of the Following Is True of Economic Communities