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Question

Country A has trade agreements with Country B and Country C. Country A has another trade agreement with Country D.

In which ways has Country A done international trade?

A
Bilateral trade between countries A, B, and C
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B
Bilateral trade between countries A and D
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C
Multilateral trade between countries A, B, and C
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D
Multilateral trade between countries A and D
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Solution

The correct option is C Multilateral trade between countries A, B, and C
Country A is engaged in bilateral trade with Country D as only two countries are trading with each other. On the other hand, Country A is engaged in multilateral trade with countries B and C as more than two countries are trading with each other.

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