12
QuizMultiple Choice

Trade Agreements

Question 12 • * HSA 26-27 Economics

How do trade agreements of international organizations affect trade?

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

Explanation

Trade agreements set shared rules that make it easier for countries to exchange goods and services across borders. They encourage participating countries to keep trade open and accessible. They may reduce some tariffs, but they do not necessarily eliminate all tariffs and taxes, so “eliminating tariffs and taxes” is too absolute.

AI-written and checked against the verified answer.

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