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Questions and Answers
What is the primary objective of international trade?
What is the primary objective of international trade?
- To promote trade that flows smoothly, predictably, and freely (correct)
- To encourage unfair trade practices
- To limit the export of goods and services
- To increase tariffs and trade barriers
What is the opposite of 'smoothly' in the context of trade?
What is the opposite of 'smoothly' in the context of trade?
- Erratically (correct)
- Freely
- Rapidly
- Predictably
What does 'predictably' imply in the context of international trade?
What does 'predictably' imply in the context of international trade?
- A rapid increase in trade tariffs
- Uncertainty in trade agreements
- Unforeseen changes in trade policies
- A stable and consistent trade environment (correct)
What is the benefit of 'free' trade in the context of international trade?
What is the benefit of 'free' trade in the context of international trade?
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What is the ultimate goal of promoting international trade?
What is the ultimate goal of promoting international trade?
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