Trade Agreements

Question 1

most likely

Revolt · Accepted Answer

Free trade must be carefully monitored.

Question 2

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

Revolt · Accepted Answer

to create free trade

Question 3

Countries establish internal economic zones in order to

Revolt · Accepted Answer

have fewer economic restrictions.

Question 4

The primary benefit of a Free Trade Agreement is that they

Revolt · Accepted Answer

allow countries to more easily buy what they do not produce.

Question 5

Which group primarily helps settle trade disputes?

Revolt · Accepted Answer

World Trade Organization

Question 6

Trade agreements can cause jobs to go to countries that provide those jobs

Revolt · Accepted Answer

efficiently.

Question 7

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

Revolt · Accepted Answer

the WTO

Question 8

One primary purpose of the European Union is to

Revolt · Accepted Answer

create a common market.

Question 9

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.

Trade Agreements Answers

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