Trade Agreements Answers

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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

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A specific territory or zone that has laws and regulations different from the rest of the country is called a(n)

work zone.

border zone.

tax-free zone.

economic zone.

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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.

What is one stated purpose of the World Trade Organization?

to create a common currency

to encourage the expansion of exports

to monitor trade policies of many countries

to establish direct trade agreements between countries

Which best describes ASEAN?

an international organization promoting free trade

a regional organization promoting growth in Southeast Asia

an international organization trying to establish a common currency

a regional organization establishing free trade between Canada and Mexico

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