Question

Which of the following is true with regard to regional economic integration?

A. Agreements designed to promote freer trade within regions have failed to produce gains from trade for all member countries.

B. World Trade Organization members are not required to notify the organization of any regional trade agreements in which they participate.

C. Regional economic integration is good for consumers because it lowers prices.

D. Regional economic integration benefits producers because they do not have to adapt to a more competitive environment.

E. The movement toward regional economic integration been most successful in Asia.