The net effect of regional trade agreements has been
A) an increase in the total amount of trade in the world.
B) a decrease in the total amount of trade in the world.
C) no change in the total amount of trade in the world.
D) either an increase or decrease in the amount of trade in the world, depending on where trade takes place.

Question

Quizplus · Accepted Answer

Regional trade agreements have contributed to an increase in trade by reducing trade barriers between countries within the agreement, which leads to greater economic integration and cooperation. This results in more trade and investment opportunities for member countries, stimulating economic growth and boosting global trade.

The Net Effect of Regional Trade Agreements Has Been