The pattern of imports and exports that occurs in the absence of trade barriers is called ________.

Question

Quizplus · Accepted Answer

The pattern of imports and exports that occurs in the absence of trade barriers is known as free trade. This means that countries are free to import and export goods and services based on comparative advantage and market demand. In free trade, there are no restrictions or barriers to trade, such as tariffs or quotas.

The Pattern of Imports and Exports That Occurs in the Absence