Review+questions+DV+5 - review questions True/False...

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review questions True/False Indicate whether the sentence or statement is true or false. ____ 1. A free trade area is a trading arrangement in which a nation grants partial trade preferences to one or more trading partners. ____ 2. A preferential trade arrangement is a trade agreement that removes all barriers to trade among participating nations. ____ 3. A nation’s share of global trade is calculated as the sum of exports and imports in a given time period divided by total global trade. ____ 4. Preferential trade arrangements and free trade areas are the weakest form of trade arrangements. ____ 5. Trade agreements normally result in both trade creation and trade diversion. Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 6. A trading arrangement that eliminates most or all barriers to trade among participating nations and utilizes common barriers to trade with other countries outside the group is called a a. preferential trade agreement. b.
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Review+questions+DV+5 - review questions True/False...

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