When trade is ________, patterns of trade and trade flows result from the independent decisions of thousands of importers and exporters, as well as millions of private households and firms.
A) restricted
B) barred
C) free
D) embargoed

Question

Quizplus · Accepted Answer

When trade is free, it means there are no restrictions or minimal restrictions on trade between countries, allowing for the independent decisions of importers, exporters, households, and firms to determine trade patterns and flows.

When Trade Is ________, Patterns of Trade and Trade Flows