Posttest Modul 3 Bahasa Inggris Niaga

A free trade agreement is ...

• an agreement of two countries

• a free agreement of two countries

• an agreement of trade

• a pact between two or more nations to reduce barriers to imports and exports among them

Below are the benefits of having free trade agreement for a country...

• increase job outsourcing

• there are so many imported goods

• poor working condition

• high market competition

Despite of the benefits offered by free trade agreement, the negative effect of joining free trade agreement is....

• increase economic growth

• Degradation of natural resources

• Lower government spending

• Technology transfer

4. By joining a Free Trade Agreement, the country can reduce the government spending because...

• Foreign country spend their money

• Big industry help local industry

• The government removes subsidies for local industry

• The country export many goods

Below are the members of AFTA (ASEAN Free Trade Area)....

• Indonesia, Malaysia, Thailand

• Indonesia, Japan, Thailand

• Indonesia, Japan, South Korea

• Malaysia, Brunei Darussalam, Iran

Factory prices are also called as...

• consumer prices

• producer prices

• wholesaler process

• retailer prices

The opposite of exogenous is.....

Somebody who has the idea and enterprise to produce something and get profit is called as....

Indonesia sells abroad a lot of natural resources such as shrimp, coffee, palm oil, etc. It means that Indonesia do...... for supporting economy.

Based on your understanding, what are the impacts of free trade agreement?