3
QuizMultiple Choice

Trade Agreements

Question 3 • * HSA 26-27 Economics

According to this quotation, what did President Ronald Reagan believe about economic growth?"We should be trying to foster the growth of two-way trade, not trying to put up roadblocks, to open foreign markets, not close our own.”

Answer
A
Increased trade barriers would help the economy.
B
Free trade associations would limit competition.
C
Increased fair trade would help the economy.
D
Trade barriers would help make trade more fair.

Explanation

Reagan says the country should encourage trade in both directions, open foreign markets, and avoid closing its own markets with barriers. This supports increased trade, rather than restrictions, as a way to help the economy; choice C best matches that idea.

AI-written and checked against the verified answer.

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