Which of the following goods is likely to be sold through an auction?

The success of the gold standard in the period before World War I is attributed partly to the high degree of tranquility in global markets.

Answer the following statement true (T) or false (F)

Most trade agreements contain countries in the same area of the world. Why is this so?

A) The distances that goods need to travel between such countries are short. B) Distribution channels are not easily established in adjacent countries. C) Adjacent countries are reluctant to coordinate policies. D) Neighboring countries usually lack a common history and interests