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JAMB Commerce 2008 Question 24

Question 24

Foreign Trade

Most of the barriers to international trade have been eliminated through

  1. A.diversification
  2. B.globalization
  3. C.commercialization
  4. D.privatization.
Show the answer and explanation

Answer: B (globalization)

Explanation

Globalization has brought trade agreements and the WTO that cut tariffs and other trade barriers between countries.