Which of the following is an example of regional economic integration?
A) The European Union
B) The British Commonwealth
C) The Cingular and AT&T merger
D) The Commonwealth of Independent States

Question

Which of the following is an example of regional economic integration? 
A) The European Union 
B) The British Commonwealth 
C) The Cingular and AT&T merger 
D) The Commonwealth of Independent States

Quizplus · Accepted Answer

The European Union is an example of regional economic integration because it involves the free movement of goods, services, persons, and capital among its member states through a common market, customs union, and increasingly integrated economic and political institutions. The British Commonwealth, while a political and cultural association of former British colonies and dependencies, does not involve such levels of economic integration. The Cingular and AT&T merger is a corporate merger, not a regional economic integration process. The Commonwealth of Independent States is a loose association of former Soviet republics, which has limited economic integration measures.

Which of the Following Is an Example of Regional Economic