General Studies · International Business
Given below are two statements: One is labeled as Assertion A and the other is labeled as Reason R. Assertion A: By removing barriers between national markets, trading blocs create competition due to larger trading areas. Reason R: Increased competition can lead to the closure of local industry and harm domestic consumption. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is not correct but R is correct.
- 2A is correct but R is not correct.✓
- 3Both A and R are correct but R is not the correct explanation of A.
- 4Both A and R are correct and R is the correct explanation of A.
Correct answer
A is correct but R is not correct.
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