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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Trade agreements are helpful because they allow countries to

trade for necessary goods.

increase trade tax revenue.

influence foreign trade.

help create new trade barriers.

International trade organizations promote free trade by encouraging countries to

maintain their tariffs.

establish their trade quotas.

reduce their trade barriers.

develop their products.

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

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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