A group of nations in a geographic region undergoing economic integration is called a ________.
A) regional economic integration
B) regional domestication
C) regional trading bloc
D) foreign direct investment region

Question

Quizplus · Accepted Answer

A group of nations in a geographic region undergoing economic integration is called a regional trading bloc. This refers to an agreement between countries in a certain geographic area to reduce and ultimately remove tariff and non-tariff barriers to the free flow of goods, services, and factors of production between each other. This can lead to increased economic cooperation and growth within the region. Regional economic integration and regional domestication are not commonly used terms, and while foreign direct investment may be a component of regional trading blocs, it does not adequately describe the group of nations themselves.

A Group of Nations in a Geographic Region Undergoing Economic