Question

How do countries benefit by being members of economic​ communities? A. The balance of payments become equalized B. Tariffs on imported goods​ increase, creating a higher standard of living C. Domestic competitors have advantage based on price D. Quotas are established to prohibit commerce and trade with non member countries EU. Trade policies are coordinated and there are less restrictions on imports and exports

Answer 1

Answer: Trade policies are coordinated and there are less restrictions on imports and exports.

Explanation:

An economic community is an agreement entered into by countries to enable higher cooperation in areas of politics and economic activities. In an economic community, the charges placed on import and export among member nations is minimal. An example of an economic community is the ECOWAS.