The addition of countries into trade blocs is commonly referred to as ________
A)Regionalism
B)Blocism
C)Sanctionism
D)All of the above.

Question

Quizplus · Accepted Answer

The addition of countries into trade blocs is commonly referred to as regionalism, regardless of whether the trade bloc has a geographical basis or not. The initial waves of PTAs appeared in the 1930s, leading to a fragmentation of the world into trade blocs.

The Addition of Countries into Trade Blocs Is Commonly Referred