Member countries that belong to the higher levels of regional integration must sacrifice control of their own economic affairs by submitting to the laws of the economic bloc's central authority.

Question

Quizplus · Accepted Answer

Membership in higher levels of regional integration, such as a monetary union or customs union, involves surrendering control of certain economic policies to a central authority. This is necessary for the bloc to function effectively and achieve its goals, such as promoting free trade, eliminating internal barriers, and coordinating macroeconomic policies.

Member Countries That Belong to the Higher Levels of Regional