An agreement between countries in a geographic region to reduce tariff and nontariff barriers to the free flow of goods,services,and factors of production between each other is referred to as:
A)regional economic integration.
B)cross-cultural integration.
C)zoning agreement.
D)non-compete agreement.

Question

Quizplus · Accepted Answer

By regional economic integration we mean agreements among countries in a geographic region to reduce,and ultimately remove,tariff and nontariff barriers to the free flow of goods,services,and factors of production between each other.

An Agreement Between Countries in a Geographic Region to Reduce