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:

Buyer's Needs

The requirements, desires, or preferences of a purchaser that motivate them to buy a product or service.

Mutually Beneficial Agreement

A contract or arrangement where all involved parties stand to gain benefits, ensuring cooperation and satisfaction.

Salespeople and Customers

The relationship and interaction between those selling a product or service (salespeople) and those considering or making a purchase (customers).

Nervousness

The feeling of anxiousness or unease, typically about an imminent event or something with an uncertain outcome.