Question

______ are organizations of nations that remove barriers to trade among their members and that establish uniform barriers to trade with nonmember nations.
○ tariffs
○ merchant banks
○ trading blocs
○ export banks

Explanation:

To solve this, we analyze each option:

• Tariffs: These are taxes on imports/exports, not organizations of nations. Eliminate.
• Merchant Banks: They deal with corporate finance, not trade barriers between nations. Eliminate.
• Trading Blocs: These are groups of nations that reduce internal trade barriers and set uniform external barriers. This matches the description.
• Export Banks: They provide financial support for exports, not related to trade barrier policies among nations. Eliminate.

Answer:

C. Trading Blocs