The Simplest Form Of A Trade Agreement Is A Agreement Created Between Two Countries.

1646 users searched for this homework answer last month and 22 are doing it now, let’s get your homework done.

This Top Homework Answer is High School level and belongs to the History subject.

This answer got 103 “Big Thanks” from other students from places like Etowah or Harriman.

Question

The simplest form of a trade agreement is a agreement created between two countries.

Answer

Answering the question, the simplest form of a trade agreement is a direct agreement created between two countries.A direct agreement can be defined as a type of agreement that carried out between a buyer and a seller. In this type of agreement, there is also a third party in the picture that serves as a regulatorFurther ExplanationThe transactions that occurs in a direct agreement is solely controlled by the buyers and the sellers, and the third party’s responsibility is to ensure that both sellers and buyers strictly adhere to the conditions of the transactions and this is the very reason why this type of agreement is regarded as the simplest. However, a trade agreement refers to the outcome of negotiations between two or more nations.In a trade agreement, the countries that are involved set out the conditions of the acceptance of exchange of products and services. However, there are three types of a trade agreement and these includeUnilateral trade agreementBilateralMultilateral trade agreementThe advantages of a trade agreementIt increased the economy of the countries involvedIt reduces the spending of the governmentIt promotes foreign direct investmentDisadvantages of a trade agreementIt results in poor working conditionsIt lowers tax revenueIt could destroy native culturesAll the sovereign nations have the power to determine what comes in our out of their country.  LEARN MORE:regional trade agreements tophomeworkanswers.com.com/question/4558120regional trade agreement tophomeworkanswers.com.com/question/7019298KEYWORDS:trade agreementnationssimplest formdirect agreementtaxbuyerssellers

Students are also searching for

  • in the 1950s what discovery revolutionized biotechnology
  • the purpose of king’s letter is to cause __________________ to fight ________________________.
  • what are scholars talking about when they discuss economics

If you have more homework to do you can use the search bar to find the answer to other homework: 350 have done it today and 35 in the last hour.

Help your mates do their homework and share Top Homework Answers with them, it’s completely free and easy to use!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.