The expansion of free economic interchange has

Question

Quizplus · Accepted Answer

The expansion of free economic interchange has inspired countries to integrate into regional blocs, such as the European Union, ASEAN, and others. These blocs promote free trade among member countries while offering greater protection to domestic industries from external competition. Therefore, option A is the best choice. Option B is incorrect because free economic interchange has not extensively aided the economic growth of LDCs, as they still face several barriers in accessing developed markets. Option C is incorrect because protectionism has not decreased significantly, as many countries still impose barriers to trade. Option D is incorrect because economic nationalism has also not decreased significantly, as some countries emphasize domestic production and limit imports.

The Expansion of Free Economic Interchange Has