Questions
Single choice
What is free trade?
Options
A.a. A policy whereby governments do not attempt to restrict imports from, or exports to, other countries.
B.b. A policy whereby a government imposes tariffs and quotas on imports, in order to protect local industries
C.c. A situation in which a government's central bank exchanges currency with another country's central bank
D.d. A situation in which consumers obtain free products from foreign nations
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Step-by-Step Analysis
When assessing the concept of free trade, it's helpful to compare what it is with common misconceptions and protectionist practices.
Option a: 'A policy whereby governments do not attempt to restrict imports from, or exports to, other countries.' This description aligns with the core idea of free trade: minimizing or eliminating barriers to inte......Login to view full explanationLog in for full answers
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