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Questions and Answers
Which of the following is NOT a reason why countries negotiate Free Trade Agreements (FTAs)?
Which of the following is NOT a reason why countries negotiate Free Trade Agreements (FTAs)?
- To increase foreign investment
- For easier market access into one another's markets
- To protect local exporters
- To reduce or eliminate customs tariff and nontariff barriers (correct)
What do Free Trade Agreements (FTAs) normally cover?
What do Free Trade Agreements (FTAs) normally cover?
- Trade in goods only
- Trade in goods and services (correct)
- Intellectual property rights (IPRs) only
- Trade in services only
What is the value of the Air India-Boeing Deal mentioned in the text?
What is the value of the Air India-Boeing Deal mentioned in the text?
- $1 million
- $34 billion (correct)
- $1 trillion
- $220 billion
What is the significance of the Air India-Boeing Deal according to Joe Biden?
What is the significance of the Air India-Boeing Deal according to Joe Biden?
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What is one of the areas that FTAs can cover other than trade in goods and services?
What is one of the areas that FTAs can cover other than trade in goods and services?
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