7
QuizMultiple Choice

Trade and Development — Test

Question 7 • Economics and Personal Finance

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

Explanation

Reagan says the country should encourage two-way trade and open foreign markets rather than put up roadblocks. This shows he believed greater trade would support economic growth. Choice D, increased fair trade would help the economy, best matches that view.

AI-written and checked against the verified answer.

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