The figure below shows the demand (D) and supply (S) curves of corn syrups.Figure 21.3

-Agreements to abolish most barriers to trade among nations are known as:

Question

The figure below shows the demand (D) and supply (S) curves of corn syrups.Figure 21.3
 
-Agreements to abolish most barriers to trade among nations are known as:

Quizplus · Accepted Answer

Preferential trade agreements are agreements that are made between certain countries to reduce trade barriers between them. These agreements may include reduced tariffs, quotas, or other restrictions on trade.

The Figure Below Shows the Demand (D) and Supply (S)