Post Utme Redeemers University 2024 Commerce Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2024 Commerce Objective / Multiple Choice
Question 28 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • 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 resources
C. Enhanced economic growth and development
Correct Answer D. Reduced trade barriers and tariffs
Correct Answer
D
Correct Option:
Reduced trade barriers and tariffs

About This Question

This is Post Utme Redeemers University 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Redeemers University Commerce examination.

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