Economic studies on new market development as a result of the formation of the regional trade blocs of the European Union and NAFTA have demonstrated impressive increases in work demand and associated __________ for participating countries.
A)Manufacturing demand
B)Labor supply utilization
C)Knowledge
D)Management Supply

Question

Quizplus · Accepted Answer

The formation of regional trade blocs like the European Union and NAFTA typically leads to an increase in work demand and, as a result, a higher utilization of labor supply in participating countries. This is because the removal of trade barriers and the creation of a larger market encourage businesses to expand and hire more workers to meet increased demand.

Economic Studies on New Market Development as a Result of the Formation