Paper 1 · economic groupings/regional integration
Which of the following is a benefit to a country of joining a regional economic grouping?
AIncreased tariffs on goods imported from member states.
BReduced access to a variety of goods and services.
CRestrictions on the free movement of goods between member states.
DReduced tariffs between member states, which increases trade.
Explanation: Joining an economic grouping typically lowers or removes tariffs between member states, which increases trade and gives access to a wider variety of goods and services, alongside benefits like increased investment and specialisation. Raising tariffs or restricting the movement of goods between members runs counter to what these groupings are set up to achieve.
Derived from ZIMSEC Business_studies Paper 1, November 2019, Q2
