Post Utme Unilag 2022 Commerce Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Unilag Commerce examination.

Post Utme Unilag 2022 Commerce Objective / Multiple Choice

Question 14 POST_UTME_UNILAG • 2022 • COMMERCE • objective

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

A. To promote economic growth and development

Correct Answer B. To reduce trade barriers and increase trade volumes

C. To protect domestic industries from foreign competition

D. To increase government revenue through tariffs

Correct Answer

Correct Option:

To reduce trade barriers and increase trade volumes

This is Post Utme Unilag 2022 Commerce Question 14. It is one of the objective questions from the 2022 Post Utme Unilag Commerce examination.

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