George owns an international grocery store in New Jersey,the Global Food Bazaar.He has benefited highly from the trading bloc that allows him to purchase food products from Central American nations at a nice discount.With many of his customers from Costa Rica,the Dominican Republic and Guatemala,he is particularly grateful for ______,a trading bloc.
A)APEC
B)CAFTA-DR
C)NAFTA
D)EU
E)Mercosur

Question

Quizplus · Accepted Answer

CAFTA-DR (Central America Free Trade Agreement-Dominican Republic) is a trading bloc that was established between the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. This trade agreement eliminated tariffs and other barriers to trade in goods and services, which has benefited George's grocery store in purchasing food products at a discount from Central American countries. Therefore, the best choice is B.

George Owns an International Grocery Store in New Jersey,the Global