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)socioeconomic integration.
C)political integration.
D)economic-political integration.

Question

Quizplus · Accepted Answer

The definition provided matches the concept of regional economic integration, which refers to the elimination of trade barriers between countries in a specific geographic region to create a free trade area. This can take the form of a customs union, common market, or economic union.

An Agreement Between Countries in a Geographic Region to Reduce