Which of the following best evaluates the difference between supranational organizations and supranational trade agreements?(1 point)
Responses
Supranational trade agreements are short term while supranational organizations are permanent.
Supranational organizations are bigger and involve more countries.
Supranational organizations develop from defensive alliances; supranational trade agreements do not.
Supranatural trade agreements are economic agreements, and supranational organizations are both economic and political.
Supranatural trade agreements are economic agreements, and supranational organizations are both economic and political.
The correct option is:
Supranational trade agreements are economic agreements, and supranational organizations are both economic and political.
To determine the difference between supranational organizations and supranational trade agreements, we need to consider the characteristics and purposes of each.
Supranational trade agreements are economic agreements that involve countries coming together to establish rules and regulations to facilitate trade and remove barriers such as tariffs and quotas. These agreements are usually focused on promoting economic cooperation and trade, and they typically have a specific time frame or expiration date.
On the other hand, supranational organizations are larger entities that go beyond just trade agreements. These organizations involve multiple countries joining together to form a higher authority that has decision-making power over specific areas, such as trade, security, and governance. Unlike supranational trade agreements, which are more focused on economic cooperation, supranational organizations encompass economic, political, and sometimes even social aspects.
Therefore, the correct answer to the question is: Supranational trade agreements are economic agreements, and supranational organizations are both economic and political. This option outlines the key distinction between the two, with supranational trade agreements primarily focusing on economics and supranational organizations having broader economic and political authority.