Trade Agreements

Question 1

One primary purpose of the European Union is to

Revolt · Accepted Answer

create a common market.

Question 2

International trade organizations promote free trade by encouraging countries to

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reduce their trade barriers.

Question 3

Why were free trade zones created in China?

Revolt · Accepted Answer

to attract investments by foreign countries

Question 4

How do trade agreements of international organizations affect trade?

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by encouraging countries to provide open access to trade

Question 5

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

Revolt · Accepted Answer

to create free trade

Question 6

Which group primarily helps settle trade disputes?

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World Trade Organization

Question 7

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 8

What is one stated purpose of the World Trade Organization?

Revolt · Accepted Answer

to monitor trade policies of many countries

Question 9

Trade agreements are helpful because they allow countries to

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trade for necessary goods.

Trade Agreements Answers