Course Solutions Uncategorized (Answered) : Which criterion is a vital component for an effective trade block? A. High internal competition. B. Similar cultural backgro

(Answered) : Which criterion is a vital component for an effective trade block? A. High internal competition. B. Similar cultural backgro

Which criterion is a vital component for an effective trade block?

A. High internal competition.
B. Similar cultural backgrounds.
C. Equal strength among partners.
D. Complementary, full-spectrum economic bases.
E. Trade blocks never work.

Expert Answer


The answer should be

D. Complementary, full-spectrum economic bases

Because Trade block is the agreement between the regions where the tariffs are less as compare to others.

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