Globalization and International Trade

Question 1

Why is currency exchange necessary for international trade?

Revolt · Accepted Answer

Different countries use different currencies.

Question 2

Governments use quotas and tariffs to

Revolt · Accepted Answer

protect businesses and workers in the country.

Question 3

Which statements describe the trade agreement between the US, Mexico, and Canada? Choose three correct answers.It creates a free-trade zone.It increases tariffs and quotas.It increases trade between members.It only increases farm production.It only increases individual travel.It reduces trade barriers.

Revolt · Accepted Answer

It creates a free-trade zone.; It increases trade between members.; It reduces trade barriers.

Question 4

Globalization and international trade are most harmful to

Revolt · Accepted Answer

communities with the least power.

Globalization and International Trade Answers

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