Pretest

Question 1

What is one stated purpose of the World Trade Organization?

Revolt · Accepted Answer

to monitor trade policies of many countries

Question 2

How can a nation benefit from effectively exporting its goods?

Revolt · Accepted Answer

Its businesses can invest in the future.

Question 3

Countries establish internal economic zones in order to

Revolt · Accepted Answer

have fewer economic restrictions.

Question 4

Why were free trade zones created in China?

Revolt · Accepted Answer

to attract investments by foreign countries

Question 5

One primary purpose of the European Union is to

Revolt · Accepted Answer

create a common market.

Question 6

Which best describes ASEAN?

Revolt · Accepted Answer

a regional organization promoting growth in Southeast Asia

Question 7

Which group primarily helps settle trade disputes?

Revolt · Accepted Answer

World Trade Organization

Question 8

How do trade agreements of international organizations affect trade?

Revolt · Accepted Answer

by encouraging countries to provide open access to trade

Question 9

Which trade organization is responsible for 90 percent of the world’s trade?

Revolt · Accepted Answer

the WTO

Pretest Answers