Scenario: Moonland Union
Twenty-six nations, A through Z countries of Moonland region, have decided to cooperate with one another to eliminate trade barriers among them and create Moonland Union. They are not sure, however, to what extent they want to cooperate.
-The process undertaken by these 26 countries can be described as ________.
A) foreign direct investment
B) regional common marketing
C) economic domestication
D) regional economic integration

Question

Quizplus · Accepted Answer

The process undertaken by the 26 countries to eliminate trade barriers and create a union can be described as regional economic integration. This involves the creation of common policies and regulations to promote trade and investments among member countries. This can happen through various forms such as a free trade area, customs union, common market, or economic union. The Moonland Union is an example of a regional economic integration.

Scenario: Moonland Union Twenty-Six Nations, a Through Z Countries of Moonland Region, Have