Which of the Following Is Not an Advantage of a Multilateral

question 114

Multiple Choice

Which of the following is not an advantage of a multilateral approach to free trade over a unilateral approach?

• A)A multilateral approach can reduce trade restrictions abroad as well as at home.
• B)A multilateral approach has the potential to result in freer trade.
• C)A multilateral approach requires the agreement of two or more nations.
• D)A multilateral approach may have political advantages.

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Definitions:

Workers

Individuals engaged in physical or mental activity in order to achieve a result, often employed for wages.

Units

The standard measurement or quantity in which a product, service, or statistic is counted or expressed.

Marginal Cost

The cost of producing one additional unit of a good or service.

Total Costs

The complete sum of all expenses incurred by a business in producing goods or services, including fixed and variable costs.