Trade Agreements — Quiz

Question 1

Which group primarily helps settle trade disputes?

Revolt · Accepted Answer

World Trade Organization

Question 2

Countries establish internal economic zones in order to

Revolt · Accepted Answer

have fewer economic restrictions.

Question 3

Which best describes ASEAN?

Revolt · Accepted Answer

a regional organization promoting growth in Southeast Asia

Question 4

A specific territory or zone that has laws and regulations different from the rest of the country is called a(n)

Revolt · Accepted Answer

economic zone.

Question 5

How do trade agreements of international organizations affect trade?

Revolt · Accepted Answer

by eliminating tariffs and taxes on imports and exports

Question 6

What is one stated purpose of the World Trade Organization?

Revolt · Accepted Answer

to monitor trade policies of many countries

Question 7

Why were free trade zones created in China?

Revolt · Accepted Answer

to attract investments by foreign countries

Question 8

One primary purpose of the European Union is to

Revolt · Accepted Answer

create a common market.

Question 9

Which best describes ASEAN?

Revolt · Accepted Answer

a regional organization promoting growth in Southeast Asia

Question 10

How do trade agreements of international organizations affect trade?

Revolt · Accepted Answer

by encouraging countries to provide open access to trade

Trade Agreements — Quiz Answers