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The Concept of Fair Trade Is ______________________

Question 10

Multiple Choice

The concept of fair trade is ______________________.


A) synonymous with free trade
B) requires a market clearing or equilibrium price set by market forces
C) a dynamic of the law of comparative advantage in which countries produce with their strengths
D) the result of lowering barriers to trade and eliminating tariffs
E) an approach to global trade aiming to ensure that producers in developing countries receive a fair price for their products

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