Question

What motivates countries to join regional trade blocs?

removing barriers to trade protects from influence of foreign markets
increasing tariffs adds to the national GDP
eliminating barriers to trade benefits the economies of member nations
expanding trade relationships reduces cultural diffusion

Answer 1

1) - removing barriers to trade does not protect from foreign influence - false.
2) regional trade blocks are usually correlated with decreasing, not increasing tariffs - false.
3) this it true - and this is the reason - correct answer
4) it increased, not reduces diffusion- not the correct answer

Answer 2

Eliminating barriers to trade benefits the economies of member nations

Step-by-step explanation:

In today’s world, it is very difficult for a country to be totally isolated and survive in the global market. The competition is very strong and because of that, regional trade blocs were created.

Regional trade blocs are economic alignments that unite countries within a shared region, such as Mercosul, Europe Union, NAFTA, and others.

Regional Trade Blocs aim to reduce or eliminate trade barriers between those countries, this way products from those countries are sold cheaper than others.