Trade Agreements

Question 1

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

Revolt · Accepted Answer

to create free trade

Question 2

How can a nation benefit from effectively exporting its goods?

Revolt · Accepted Answer

Its businesses can invest in the future.

Question 3

How do trade agreements of international organizations affect trade?

Revolt · Accepted Answer

by encouraging countries to provide open access to trade

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

One primary purpose of the European Union is to

Revolt · Accepted Answer

create a common market.

Question 6

Why were free trade zones created in China?

Revolt · Accepted Answer

to attract investments by foreign countries

Question 7

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

Revolt · Accepted Answer

the WTO

Question 8

Trade agreements are helpful because they allow countries to

Revolt · Accepted Answer

trade for necessary goods.

Question 9

most likely

Revolt · Accepted Answer

Free trade must be carefully monitored.

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