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Question
why do countries enter into trade agreements? choose three correct answers.
trade agreements help to lower tariffs and taxes.
countries enter agreements for the purpose of raising taxes.
agreements help countries to create new trade barriers.
agreements help countries to import goods they cannot produce as easily.
countries enter agreements to be able to sell their products more easily.
- "Agreements help countries to import goods they cannot produce as easily": Trade agreements facilitate access to goods not easily produced domestically, so this is correct.
- "Trade agreements help to lower tariffs and taxes": A key goal of trade agreements is reducing trade barriers like tariffs/taxes, so this is correct.
- "Countries enter agreements to be able to sell their products more easily": Trade agreements open markets, making it easier to export, so this is correct.
The other options are incorrect: creating new trade barriers (opposite of trade agreements' purpose) and entering for raising taxes (trade agreements aim to reduce, not raise, taxes).
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- Agreements help countries to import goods they cannot produce as easily.
- Trade agreements help to lower tariffs and taxes.
- Countries enter agreements to be able to sell their products more easily.