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.
-Moonland Union can be described as a(n) ________.
A) regional trading bloc
B) political union
C) economic domestication
D) regional economic integration

Question

Quizplus · Accepted Answer

Moonland Union can be described as a regional trading bloc because it is formed to eliminate trade barriers among the member countries and promote regional economic integration. Although the extent of cooperation among the member countries is not specified, the primary objective is related to economic integration. Hence, option A is the best choice. Option B is not appropriate as there is no mention of political integration among the members. Option C is not a concept related to international trade agreements. Option D is partially correct, but it does not explicitly mention the elimination of trade barriers, which is a key objective of Moonland Union.

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