Trade Agreements

Question 1

How can a nation benefit from effectively exporting its goods?

Revolt · Accepted Answer

Its businesses can invest in the future.

Question 2

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 3

Trade agreements are helpful because they allow countries to

Revolt · Accepted Answer

trade for necessary goods.

Question 4

Countries establish internal economic zones in order to

Revolt · Accepted Answer

have fewer economic restrictions.

Question 5

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 6

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

Revolt · Accepted Answer

the WTO

Question 7

Why were free trade zones created in China?

Revolt · Accepted Answer

to attract investments by foreign countries

Question 8

What is the most common reason why countries create trade agreements?

Revolt · Accepted Answer

to create free trade

Question 9

One primary purpose of the European Union is to

Revolt · Accepted Answer

create a common market.

Question 10

A treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free trade .

Trade Agreements Answers