Which of the following is often used to describe regional trade agreements that discriminate, giving better tariff treatment to other nations in the agreement over outside nations?

Question

Quizplus · Accepted Answer

The term "preferential" implies that certain nations receive better treatment in terms of tariffs and trade benefits, while others do not. This is often seen in regional trade agreements where member nations give preferential treatment to each other over outside nations.

Which of the Following Is Often Used to Describe Regional