AP Human Geography
Free-trade agreements are international treaties between countries that aim to reduce barriers to trade, such as tariffs and quotas, in order to promote the exchange of goods and services. These agreements encourage economic integration and cooperation among participating countries.
Related terms
Trade liberalization : This term refers to the process of reducing restrictions on international trade through measures like removing tariffs or quotas.
Comparative advantage : It is the ability of a country or region to produce goods or services at a lower opportunity cost than other countries.
Import/export balance : This term refers to the relationship between a country's imports and exports, indicating whether it has a trade surplus (exports exceed imports) or trade deficit (imports exceed exports).
" Free-trade agreements " also found in:
Subjects ( 40 )
- AP Comparative Government
- AP European History
- AP US History
- AP World History: Modern
- Anthropology of Globalization
- Business Diplomacy
- Business Economics
- Business and Economics Reporting
- Capitalism
- Competitive Strategy
- Contemporary Chinese Politics
- E-commerce Strategies
- Economic Development
- Economic Geography
- Economics of Food and Agriculture
- Environmental History
- Florida History
- Global Supply Operations
- Globalization and International Political Economy
- Growth of the American Economy
- History of American Business
- History of the Middle East Since 1800
- Honors Economics
- International Conflict
- International Consulting for Small and Medium-Sized Enterprises
- International Economics
- Intro to Business
- Introduction to Journalism
- Introduction to World Geography
- Latin America, 1791-Present
- Logistics Management
- Macroeconomic Analysis for Business Decisions
- Management and Economics of Pharmaceutical, Biotechnology, and Medical Device Industries
- Multinational Corporate Strategies
- Multinational Management
- Operations Management
- Political Economy of International Relations
- Principles of Economics
- Principles of International Business
- Professional Selling
Practice Questions ( 1 )
