Post Utme Lautech 2020 Commerce Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Lautech Commerce examination.

Post Utme Lautech 2020 Commerce Objective / Multiple Choice
Question 40 POST_UTME_LAUTECH • 2020 • COMMERCE • objective

A foreign trade agreement between two countries aims to reduce tariffs and increase trade volumes. What is the primary economic benefit of this agreement for the participating countries?

Answer Options

Correct Answer A. Increased economic growth
B. Improved trade balance
C. Enhanced competitiveness
D. Reduced unemployment
Correct Answer
A
Correct Option:
Increased economic growth

About This Question

This is Post Utme Lautech 2020 Commerce Question 40. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.

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