What is the primary purpose of a trading bloc such as the European Union?

A) to foster political and social unity B) To lower manufacturing costs C) to reduce or eliminate tariffs D) to create free market economy's

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Dahlia Howell

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2 February, 08:38

What is the primary purpose of a trading bloc such as the European Union?

A) to foster political and social unity B) To lower manufacturing costs C) to reduce or eliminate tariffs D) to create free market economy's

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Alexis Morgan · Answer 1

The primary purpose of a trading bloc such as the European Union is to create free market economy's. The answer is letter D. A trade bloc is a free matket zone formed by one or more tariff, trade agreements and tax between two or more countries. In order to do that, the countries that are trading must eliminate all barriers that hinder their relationship.

What is the primary purpose of a trading bloc such as the European Union?A) to foster political and social unity B) To lower manufacturing costs C) to reduce or eliminate tariffs D) to create free market economy's

What is the primary purpose of a trading bloc such as the European Union?

A) to foster political and social unity B) To lower manufacturing costs C) to reduce or eliminate tariffs D) to create free market economy's