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What are Normal Trade Relations?

  • Question 9c of 10 - WTO

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: What are Normal Trade Relations?
  • Answers:
  1. A process for collecting a set tariff on specific imported goods
  2. A multilateral approach to promoting free trade around the world
  3. An agreement to peg a floating currency to a more stable currency
  4. A treaty to create favorable trade terms between two nations

The correct answer is: A treaty to create favorable trade terms between two nations. Countries with NTR treaties give each other the best trade terms than they give anybody else, usually as very low tariffs

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