_____ is an economic policy of lowering tariffs and other barriers to encourage trade.
A) Liberalization
B) Deregulation
C) Democratization
D) Marketization

Question

Quizplus · Accepted Answer

Liberalization refers to the process of reducing restrictions and barriers to trade and other economic activities. This usually involves lowering tariffs, removing quotas, and allowing foreign investment into a country's economy. The goal of liberalization is to promote economic growth and integration with the global economy.

_____ Is an Economic Policy of Lowering Tariffs and Other