Answer to Question #207154 in Economics for lokesh

Question

_______agreements guide the trading conduct of nations that may not have similar legal foundations or business customs.

1. trade
2. cooperation
3. production
4. none of these

Answer 1

A trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other.

So, the correct answer is 1.