Ask Question
BusinessBusiness
28 March, 12:57

Which of the following terms best represents a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country? A. Free trade B. Positive-sum game C. Socialism D. Absolute advantage E. Zero-sum game

+2
Answers (1)
  1. 28 March, 15:20
    0
    Answer: A

    Explanation: A. Free trade. A free trade represents a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country. The free trade

    is a trade policy that does not restrict imports or exports; it can also be understood as the free market idea applied to international trade. A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following terms best represents a situation in which a government does not attempt to influence through quotas or duties what ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Bringing together project teams consisting of employees with the talents needed to work on a specified project is called: Question 1 options: personnel management. participatory management. informal management. team management.
Answers (1)
The annual financial statements of large corporations such as Microsoft or PepsiCo need not be audited by independent certified public accountants, since these firms maintain large accounting departments as part of their organizations (True / False)
Answers (1)
Carlos Ramirez and Camila Garza organized New World Book Store as a corporation; each contributed $71,900 cash to start the business and received 5,700 shares of common stock. The store completed its first year of operations on December 31, 2014.
Answers (1)
The Molding Department of Swifty Company has the following production dа ta: beginning work in process 24600 units (60% complete), started into production 470400 units, completed and transferred out 444600 units, and ending work in process
Answers (1)
which of the following statements is most accurate when describing the reasons the market value of a company could be substantially higher than it's book value?
Answers (1)
New Questions in Business
Sometimes, while on the job at dairy king, jimmy forgets to ask, "do you want fries with that?" when customers order burgers. the fact that some customers are surprised by jimmy's behavior can be explained by
Answers (1)
Which of the following is the least risky? collectables, stock, savings bond, or savings account?
Answers (1)
Strength unhappy inchworm reread restless comfortable
Answers (1)
If a country has a rising middle class what does this social change mean for business? A: there will be more people with discretionary income creating business opportunities.
Answers (1)
Which of the following financial statements is prepared as of a specific date? Group of answer choices Balance sheet. Income statement. Retained earnings statement. Statement of cash flows.
Answers (1)
Home » Business » Which of the following terms best represents a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country? A.
Sign Up Forgot Password?