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 statements ideally supports Country A and Country B becoming an economic bloc?
A) similarities in geographic features
B) similarities in economic situations
C) similarities in tariff rules and rates
D) linguistic and cultural similarities

Question

Quizplus · Accepted Answer

Similarities in economic situations can facilitate the creation of an economic bloc as it allows for more aligned economic policies and mutual benefits from cooperation.