20
QuizMultiple Choice

Trade and Development — Test

Question 20 • Economics and Personal Finance

Trade agreements are helpful because they allow countries to

Answer
A
influence foreign trade.
B
trade for necessary goods.
C
help create new trade barriers.
D
increase trade tax revenue.

Explanation

Trade agreements make it easier for countries to exchange goods and services, including goods they need but cannot produce easily or efficiently themselves. The best answer is “trade for necessary goods.” Increasing tax revenue or creating trade barriers is not the main purpose of trade agreements.

AI-written and checked against the verified answer.

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