5
QuizMultiple Choice

International Trade, GATT and the WTO

Question 5 • Business Law

Advantages to free-trade agreements (FTAs) are that they increase trade barriers (both tariff and non-tariff barriers), open up market to exporters, and increase jobs domestically.

Answer
A
False
B
True

Explanation

Free-trade agreements are designed to reduce or eliminate tariff and non-tariff barriers between member countries, not increase them. They can open markets to exporters and may support domestic jobs, but the claim that they increase trade barriers makes the full statement false. The correct choice is False.

AI-written and checked against the verified answer.