Post Utme Covenant University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_COVENANT_UNIVERSITY • 2018 • COMMERCE • objective

A company is considering the use of a new trade agreement to increase exports and reduce tariffs. The company has identified several options, including a free trade agreement and a customs union. Which of the following is a key feature of a free trade agreement?

Answer Options

Correct Answer A. Tariff reduction
B. Quota reduction
C. Regulatory harmonization
D. Monetary union
Correct Answer
A
Correct Option:
Tariff reduction

About This Question

This is Post Utme Covenant University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Covenant University Commerce examination.

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