GroupAsia Scenario Two medium-income Asian countries are discussing the possibility of forming an economic bloc. Country 1 and Country 2 are separated by Country 3, which already belongs to another regional economic bloc, and they do not belong to any other economic bloc. Which of the following is the most relevant factor to consider when deciding to create an economic bloc comprised of Country 1 and Country 2? a. Are the economic interests and goals of both countries compatible? b. What would be the impact of an economic bloc on small firms in Country 3? . C. How successful has Country 3 been in an economic bloc? o d. Can Country 1 and Country 2 agree on whether there will be a common language in the bloc? Refer to GroupAsia scenario. All of the following can be considered facilitators of Country 1 and Country 2 becoming an economic bloc except... O a. Geographic proximity to each other O b. Similarities in high political instability O C. Similarities in tariff rules and rates o d. Linguistic and cultural similaritiesRefer to GroupAsia scenario. Which would most likely be the greatest obstacle to regional integration between Country i and Country 2? O a A high supply of skilled labourers in Country i and Country 2 O b' The greater number of national institutions in Country 1 than Country 2 O C A lack of sufcient educational systems in both Country 1 and Country 2 0 d. The unwillingness of Country 2 to surrender some autonomy to a required supranational authority Refer to GroupAsia scenario. Assume the objective of Country 1 and Country 2 is to create a common market between them in the next 5 years. All the following options will facilitate the accomplishment of this objective except\" 0 a. Country 1 and Country 2 want to have a united and stronger voice in international trade negotiations O b' Customs regulations are similar between Countryi and Country 2 O C The trade relationship between Country 1 and Country 3 has been very strong, but for political reasons, Country 2 is unwilling to strengthen trade relations with Country 3 0 d. Trade relationships between Country 3 and both Country i and Country 2 are not strong Country 1 and Country 2 are interested in a stronger trade relationship with Country 3. However, country 3 is a large economy that tends to impose unfair conditions on smaller countries in its trade agreements