MCQ Questions
Q.1.
Which group works to help members establish internal political stability?
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    World Trade Organization
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    Association of Southeast Asian Nations
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    Free trade must be carefully monitored.
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    Increased production and fair trade would help the economy.
Q.2.
Which group primarily helps settle trade disputes?
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    Increased production and fair trade would help the economy.
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    World Trade Organization
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    Association of Southeast Asian Nations
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    Free trade must be carefully monitored.
Q.3.
Trade agreements can cause jobs to go to countries that provide those jobs
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    economic zone.
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    trade for necessary goods.
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    efficiently
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    direct
Q.4.
Trade agreements are helpful because they allow countries to
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    trade for necessary goods.
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    increase trade tax revenue.
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    influence foreign trade.
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    help create new trade barriers
Q.5.
The Free Trade Agreement Tariff Tool allows US businesses to
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    by encouraging countries to balance imports and exports
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    a regional organization promoting growth in Southeast Asia
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    access tariff rates when planning to export.
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    to attract investments by foreign countries
Q.6.
The simplest form of a trade agreement is a ... agreement created between two countries.
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    to reduce tariffs
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    efficiently
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    remedy trade surpluses.
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    direct
Q.7.
What can be a result of free trade? Check all that apply.
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    to monitor trade policies of many countries
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    enforcing conditions of trade agreements
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    trade imbalanceslower economic growthexploitation of workers
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    trade for necessary goods.
Q.8.
International trade organizations promote free trade by encouraging countries to
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    remedy trade surpluses.
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    trade for necessary goods.
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    create a common market.
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    to reduce tariffs
Q.9.
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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    efficiently
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    economic zone.
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    to reduce tariffs
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    remedy trade surpluses.
Q.10.
Why were free trade zones created in China?
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    a regional organization promoting growth in Southeast Asia
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    access tariff rates when planning to export.
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    to attract investments by foreign countries
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    to monitor trade policies of many countries
Q.11.
How do trade agreements of international organizations affect trade?
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    by encouraging countries to balance imports and exports
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    trade imbalanceslower economic growthexploitation of workers
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    enforcing conditions of trade agreements
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    to monitor trade policies of many countries
Q.12.
What is the main role of the US Import Administration?
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    enforcing conditions of trade agreements
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    by encouraging countries to balance imports and exports
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    trade imbalanceslower economic growthexploitation of workers
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    to monitor trade policies of many countries
Q.13.
What did President Ronald Reagan believe about economic growth?
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    Free trade must be carefully monitored.
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    Increased production and fair trade would help the economy.
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    World Trade Organization
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    Association of Southeast Asian Nations
Q.14.
Which best describes ASEAN?
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    to attract investments by foreign countries
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    trade imbalanceslower economic growthexploitation of workers
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    access tariff rates when planning to export.
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    a regional organization promoting growth in Southeast Asia