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Questions and Answers
Which of the following is an example of bilateralism?
Which of the following is an example of bilateralism?
- A country engaging in unilateral trade deals
- A country signing a free trade agreement with multiple countries
- A country imposing trade sanctions on another country
- A country signing a free trade agreement with one other country (correct)
What is the main advantage of bilateralism over multilateralism?
What is the main advantage of bilateralism over multilateralism?
- Greater participation of multiple countries
- Lower transaction costs
- More tailored agreements (correct)
- Greater efficiency in negotiations
Why might an influential state prefer bilateral arrangements with small states?
Why might an influential state prefer bilateral arrangements with small states?
- To reduce transaction costs
- To promote multilateralism
- To increase its influence (correct)
- To create a more equal partnership
