Trade Agreements

Question 1

Why were free trade zones created in China?

Revolt · Accepted Answer

to attract investments by foreign countries

Question 2

What is one reason two countries may sign a treaty to create a direct agreement with one another?

Revolt · Accepted Answer

to cut taxes

Question 3

According to this quotation, what did President Ronald Reagan believe about economic growth?"We should be trying to foster the growth of two-way trade, not trying to put up roadblocks, to open foreign markets, not close our own.”

Revolt · Accepted Answer

Increased fair trade would help the economy.

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 encouraging countries to provide open access to trade

Question 6

What is one stated purpose of the World Trade Organization?

Revolt · Accepted Answer

to monitor trade policies of many countries

Question 7

Countries establish internal economic zones in order to

Revolt · Accepted Answer

have fewer economic restrictions.

Question 8

One primary purpose of the European Union is to

Revolt · Accepted Answer

create a common market.

Question 9

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

Revolt · Accepted Answer

the WTO

Question 10

most likely

Revolt · Accepted Answer

Free trade must be carefully monitored.

Trade Agreements Answers

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