11
QuizMultiple Choice

The Global Economy — Test

Question 11 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Trade agreements are helpful because they allow countries to

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

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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