Which of the following is most accurate in regards to the Asian Free Trade Agreements?
A)Efforts to liberalize trade in East Asia have decreased as a result of the economic downturn in 2009.
B)Asian Free Trade agreements are based on ethnicity rather than geographical borders.
C)Asian Free Trade agreements encourage the formation of multinational corporations.
D)Asian Free Trade Agreements recently include India and China.
E)Asian Free Trade agreements have reduced tariffs among countries and promoted trade.

Question

Quizplus · Accepted Answer

Asian Free Trade agreements have been successful in reducing tariffs between countries and promoting trade, with the goal of increasing economic cooperation and integration in the region. The other options are not accurate - there has not been a decrease in efforts to liberalize trade, ethnicity is not the basis for the agreements, and while multinational corporations may be involved in trade, they are not necessarily encouraged by the agreements. India and China are both part of the Asian region and were already included in various agreements prior to the question being asked.

Which of the Following Is Most Accurate in Regards to the Asian