Post Utme Unilorin 2018 Commerce Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 5 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A foreign trade agreement between two countries aims to reduce tariffs and other trade barriers. What is the primary benefit of such an agreement?

Answer Options

A. To increase the volume of trade between the two countries
Correct Answer B. To reduce the cost of trade between the two countries
C. To improve the balance of trade between the two countries
D. To increase the competitiveness of businesses in both countries
Correct Answer
B
Correct Option:
To reduce the cost of trade between the two countries

About This Question

This is Post Utme Unilorin 2018 Commerce Question 5. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

View More Post Utme Unilorin 2018 Commerce Questions More Post Utme Unilorin Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support