ScienceEconomicsTrade Agreements example #49200
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Trade Agreements example #49200

Uziel Murphy avatar Uziel Murphy
30 November 2022
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16 test answers

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One primary purpose of the European Union is to
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NOT eliminate borders between countries. NOT establish a free trade zone in the marketplace.
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What is the main role of the US Import Administration?
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NOT regulating standards for goods exchanged in trade
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The Free Trade Agreement Tariff Tool allows US businesses to
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NOT know which countries are entering trade associations. access tariff rates when planning to export.
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With which statement would President Bill Clinton most likely have agreed?
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NOT Free trade has drawbacks for participants.
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Trade agreements are helpful because they allow countries to
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trade for necessary goods.
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Why do countries most often create trade agreements?
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to reduce tariffs
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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)
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economic zone.
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Which group works to help members establish internal political stability?
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Association of Southeast Asian Nations
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What did President Ronald Reagan believe about economic growth?
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NOT Trade barriers would help make trade more fair between countries. Increased production and fair trade would help the economy.
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What is one stated purpose of the World Trade Organization?
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to monitor trade policies of many countries
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Why were free trade zones created in China?
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to attract investments by foreign countries
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The simplest form of a trade agreement is a __________ agreement created between two countries.
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direct
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Which best describes ASEAN?
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a regional organization promoting growth in Southeast Asia
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How can a nation benefit from effectively exporting its goods?
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Its businesses can invest in the future.
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Countries establish internal economic zones in order to
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have fewer economic restrictions.
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Which group primarily helps settle trade disputes?
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World Trade Organization