asked 35.6k views
5 votes
__________ : trade between countries that is free of import-export quotas, duties, or other governmental restrictions.

a. Fair trade
b. Free trade
c. Price floor
d. Price ceiling

asked
User Hussam
by
9.0k points

1 Answer

2 votes
The answer is B. Free Trade

free Trade will established an Open Market that will make the traded goods became significantly cheaper ( because the Company doesn't have to deduct the tax expense)

The major weakness of creating a free trade Area is it will basically created a threat for local business, because the government basically allow the Foreign competitors to come freely
answered
User Stefany
by
8.0k points
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