Question

How do the United States and other nations primarily cooperate economically?

Answer 1

By forming trade blocs United States and other nations primarily cooperate economically

Answer 2

Answer:

C is the correct option.

Explanation:

Trade blocs are intergovernmental agreements and can be part of a regional intergovernmental organization where trade barriers are reduced and eliminated among the participating countries. Trade Blocs are also the only agreements between different states. It can also be a part of regional organizations. They can be classified based on the level of economic integration into Preferential trading partners, custom unions, and common markets. Some examples of trade blocs are NAFTA(North American Free Trade Union) and ASEAN (Association for South East Asian Nations).