10
QuizMultiple Choice

Trade Agreements — Quiz

Question 10 • Economics

How do trade agreements of international organizations affect trade?

Answer
A
by helping smaller countries compete in the world market
B
by encouraging countries to provide open access to trade
C
by eliminating tariffs and taxes on imports and exports
D
by incentivizing the development of trade policies

Explanation

Trade agreements made through international organizations generally encourage countries to open their markets and allow trade with fewer barriers. This makes “encouraging countries to provide open access to trade” the best answer. Eliminating all tariffs and taxes, as choice D suggests, is not a requirement of every trade agreement.

AI-written and checked against the verified answer.

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