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Free trade agreement: Quiz


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Question 1: A free trade agreement (FTA) is a ________ treaty between two or more countries.
TradeInternational tradeGlobalizationSilk Road

Question 2: Usually these agreements are between two countries and are meant to reduce or completely remove ________ to trade.
Tax, tariff and tradeExcess profits taxTariffFordney–McCumber Tariff

Question 3: [1] Most FTAs are between two individual countries, however, agreements can be reached between a ________ and a individual country such the European Union-Chile free trade agreement.
Trade blocFranceCyprusSingapore

Question 4: According to the ________ there are more than 200 FTAs in force.
World Trade OrganizationEuropean UnionWorld Trade Organization accession and membershipUnited States

Question 5: ________
CyprusTrade blocBosnia and HerzegovinaList of bilateral free trade agreements

Question 6: Between 1948 to 1994, the ________ (GATT), the predecessor to the WTO, received 124 notifications.
General Agreement on Tariffs and TradeUnited KingdomAustraliaFrance


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