Economic Bloc Creation (Scenario)
Country A and Country B are considering joining together into an economic bloc. Country A and Country B are both low-wage countries. Country A and Country B are separated from each other by Country C, which already belongs to an economic bloc. Representatives from Country A and Country B are meeting to discuss the possibilities of an economic bloc, and interpreters for each representative are assisting with the meeting procedures.
-Which of the following is most important to consider when making the decision to create an economic bloc comprised of Country A and Country B?

Question

Quizplus · Accepted Answer

The compatibility of economic interests and goals between Country A and Country B is the most important factor to consider when deciding to create an economic bloc. This will determine the overall success and sustainability of the bloc. The impact on small firms in Country C and the success of Country C in an economic bloc may be important considerations, but they should not be the primary focus. The agreement on a central banking location is also important, but can be negotiated and resolved during the creation of the bloc.