to monitor trade policies of many countries

Answers HSA 26-27 EconomicsTrade Agreements

Trade Agreements Answers

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Read the following quotation by President Bill Clinton."Free trade can be a win-win for everyone, but only if it is based on fair rules, enforced faithfully, with adequate safeguards to protect the rights of workers and the environment.” With which statement would President Bill Clinton most likely have agreed?

Free trade helps every nation.

Free trade has drawbacks for participants.

Free trade will eliminate poverty.

Free trade must be carefully monitored.

One primary purpose of the European Union is to

create a common market.

eliminate borders between countries.

allow highly skilled workers to be employed.

limit trade among member countries.

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Why were free trade zones created in China?

to avoid governmental rules and conditions

to attract investments by foreign countries

to import technology more easily

to control imports and exports

Countries establish internal economic zones in order to

limit foreign investment.

make solving disputes easier.

have fewer economic restrictions.

create manageable amounts of imports.

What is one reason two countries may sign a treaty to create a direct agreement with one another?

to establish barriers to trade

to cut taxes

to collect more taxes

to limit trade opportunities for competing companies

How can a nation benefit from effectively exporting its goods?

Its citizens can buy cheaper goods.

Its businesses can invest in the future.

Its domestic spending increases.

Its citizens have more money.

How do trade agreements of international organizations affect trade?

by incentivizing the development of trade policies

by eliminating tariffs and taxes on imports and exports

by encouraging countries to provide open access to trade

by helping smaller countries compete in the world market

A treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free trade .

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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.”

Increased trade barriers would help the economy.

Free trade associations would limit competition.

Increased fair trade would help the economy.

Trade barriers would help make trade more fair.

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What is the most common reason why countries create trade agreements?

to limit imports

to create free trade

to establish quotas

to decrease trade

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Trade agreements can cause jobs to go to countries that provide those jobs

efficiently.

expensively.

freely.

gradually.

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