Which of the following would the government of Zucoland most likely experience as a benefit of joining the trading bloc?
A) trade diversion
B) increased national sovereignty
C) greater consensus
D) production shifts to low-wage nations

Question

Quizplus · Accepted Answer

Joining a trading bloc often leads to greater consensus among member nations, which can help facilitate more efficient trade negotiations and implementation of trade policies. Trade diversion (A) refers to a situation where trade is diverted away from a more efficient producer outside the trading bloc to a less efficient producer within the bloc. This is not typically seen as a benefit. Increased national sovereignty (B) would not be a benefit of joining a trading bloc, as membership typically requires some degree of shared sovereignty or decision-making authority. Production shifts to low-wage nations (D) can occur as a result of trade liberalization within a trading bloc, but this would not necessarily be seen as a benefit by the government of Zucoland.

Which of the Following Would the Government of Zucoland Most