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A Trade Bloc Is

Question 87

Multiple Choice

A trade bloc is:


A) a tariff or quota that impedes imports.
B) a group of nations that allows free trade among member nations but restricts imports from nonmember nations via tariffs and quotas.
C) an area of a nation where manufacturers can import product components without paying tariffs.
D) a group of nations that advertise their common export goods abroad.

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