An Example of an Effective Commodity Agreement Is ________

question 32

Multiple Choice

An example of an effective commodity agreement is ________.

• A)the Organization of Petroleum Exporting Countries
• B)the Organization of Petroleum Importing Countries
• C)the International Tin Alliance
• D)the International Cotton Alliance

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Definitions:

Shipping Container Standardization

The process of standardizing the size and specifications of shipping containers for efficiency and interoperability in global trade and transportation.

Trade Barriers

Measures implemented by governments or economic entities to restrict or control the exchange of goods and services across borders, which can be in the form of tariffs, quotas, or regulations.

International Trading

The exchange of goods, services, and capital across international borders and territories.

Air Freight

The transportation of goods by aircraft, a fast but usually more expensive mode of shipping compared to road or maritime transport.