Free trade means
A) all countries are permitted to engage in international trade.
B) there are no goods that are prohibited from entering the country.
C) there is no international trade embargo in place.
D) there are no tariffs, quotas or other barriers to international trade.

Question

Quizplus · Accepted Answer

Free trade refers to the absence of tariffs, quotas or other barriers to international trade. This means that there are no restrictions on the import or export of goods and services between countries that engage in free trade. While A, B, and C are related to international trade, they don't fully capture the concept of free trade.

Free Trade Means