Free trade:
A) is a market development option that involves the least amount of risk and offers the lowest amount of control.
B) is a measure of the total flow of money into or out of a country.
C) is the unrestricted movement of goods and services across international borders.
D) is the payment of money for favorable treatment.

Question

​Free trade:
A) ​is a market development option that involves the least amount of risk and offers the lowest amount of control.
B) is ​a measure of the total flow of money into or out of a country.
C) ​is the unrestricted movement of goods and services across international borders.
D) ​is the payment of money for favorable treatment.

Quizplus · Accepted Answer

Free trade refers to the unrestricted movement of goods and services across international borders, without government-imposed barriers such as tariffs, quotas or subsidies. It is an economic policy that allows for increased competition, specialization, and lower prices for consumers. Option A refers to export, which involves some risk and control. Option B refers to the balance of payments, which is a financial record of a country's international transactions. Option D refers to bribery, which is illegal and unethical.

​Free Trade

Free Trade