Nations worldwide typically establish Regional and Global economic groups in order to _____________.
(Choose the correct option to fill in the blank)
Nations worldwide typically establish Regional and Global economic groups in order to _____________.
(Choose the correct option to fill in the blank)
Show Hint
- Strengthen their economies
- Ensure liberty
- Promote judicial independence
- Gain control over other countries
The Correct Option is A
Solution and Explanation
Regional and global economic groups are formed by countries that agree to work together. Examples are BRICS, G20, SAARC and the European Union.
Members share markets, capital, technology and ideas.
Step 2: Key Approach:
Ask what a nation gains from joining. The gain must be economic, because these are economic groups.
Step 3: Detailed Explanation:
Joining a group gives easier trade, more investment, shared expertise and a stronger voice in world talks. All of this helps the economy grow.
(A) Strengthen their economies is therefore correct.
(B) Ensure liberty: liberty is a matter of the constitution and laws inside a country. Economic groups do not exist for this. So (B) is wrong.
(C) Promote judicial independence: courts are an internal matter of each nation. So (C) is wrong.
(D) Gain control over other countries: member nations keep their own sovereignty and join by choice. So (D) is wrong.
Final Answer:
Nations form such groups to strengthen their economies. This is option (A).
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