Trade blocs such as the EU and NAFTA engage in a form of protectionism and prevent the formation of a truly free market.

Question

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Trade blocs like the EU (European Union) and NAFTA (North American Free Trade Agreement) create preferential trade conditions among their member countries through tariffs, quotas, and regulations that can act as barriers to trade with non-member countries, thus engaging in a form of protectionism that can prevent the formation of a truly free global market.

Trade Blocs Such as the EU and NAFTA Engage in a Form