What is a trade bloc? (1 point)

Question

A trade bloc is an increase in the governmental ban on trade goods entering from a certain country or group of countries.
A trade bloc is an international area where there is no free trade.
A trade bloc is an intergovernmental agreement in which participating countries reduce or eliminate various barriers to trade.
A trade bloc is a country where the flow of capital, goods, services, and human beings is virtually nonexistent.

Answer 1

A trade bloc is an intergovernmental agreement in which participating countries reduce or eliminate various barriers to trade.