NAFTA and the EU are both examples of a ________.
a. trade organization
b. trade bloc
c. mercantilism bloc
d. intergovernmental organization
e. international trade organization
Question 2
Which of the following is true regarding NAFTA?
a. It is a highly developed and integrated bloc.
b. It aims at a single market and European federation.
c. It cuts tariffs between members.
d. It has free flow of labor and capital.
e. It has a complex governing body.