Post Utme Babcock University 2023 Commerce Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2023 Commerce Objective / Multiple Choice

Question 13 POST_UTME_BABCOCK_UNIVERSITY • 2023 • COMMERCE • objective

A foreign trade agreement between two countries involves the exchange of goods and services. What is the primary benefit of such an agreement?

Answer Options

A. Increased competition among domestic businesses

B. Improved access to new markets and customers

Correct Answer C. Reduced tariffs and trade barriers

D. Increased government revenue through taxes

Correct Answer

Correct Option:

Reduced tariffs and trade barriers

About This Question

This is Post Utme Babcock University 2023 Commerce Question 13. It is one of the objective questions from the 2023 Post Utme Babcock University Commerce examination.

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