Day: November 14, 2022

In August 2002, the US President signed a trade agreement which allowed more duty-free access to the US market for Latin American and Caribbean countries.

Who might benefit in the short run from this agreement?

Select ONE answer:

1. Caribbean countries, because they may export to Latin America
2. Latin American businesses, because they may be able to sell more in the US
3. Latin American governments, because they will not have to pay so much duty
4. the US, because it may export more to Latin America

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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