Question

How do trade agreements help the countries involved?. .
A.by restricting imports.
B.by accelerating production.
C.by expanding tax revenues.
D.by decreasing trade barriers.

Answer 1

D is the correct answer. Trade agreements are intended to boost trade and maximise the revenues generated by trading by decreasing barriers to trading between countries and, therefore, making easier for countries to spend exchanging money for services and goods.

Answer 2

Trade agreements help the countries involved by decreasing trade barriers. That is option D.

What are trade agreements?

Trade agreements are usually made between two states, countries or organisation where by mutual trading relationship is built amongst them.

These agreements usually include goods, services and intellectual properties.

The trade agreements is important to the countries involved because it decreases trade barriers by encouraging economic scales and exportation.

Learn more about trades here:

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