1) ________ are groups of countries that agree to increase trade among them by lowering trade barriers.
A) Black zones
B) Trading blocs
C) Exchange partners
D) Open zones
Answer
Trading blocs
Trading blocs help in promoting and managing trade among the member countries. The trading bloc agreements can be with one country or with multiple countries. Trading bloc reduces barriers for such countries while keeping barriers for other non member countries.
1) ________ are groups of countries that agree to increase trade among them by lowering trade...