Scenario: Zucoland
Zucoland, a small-sized country just south of the Andes mountain range was invited to join a regional trading bloc. The government of Zucoland is considering the benefits and costs of joining such a bloc. The government is attracted by the fact that this trading bloc requires Zucoland to give up the least amount of sovereignty than other types of blocs.
-If all countries in the bloc are asked to give up the greatest amount of sovereignty, it would probably be a(n) ________.
A) economic union
B) free-trade area
C) customs union
D) political union
Correct Answer:
Verified
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