The flow of goods and services across borders unhindered by government-imposed restrictions such as taxes,tariffs,quotas,and rules is known as:
A) free trade.
B) global trade compliance.
C) globalization.
D) sovereignty.

Question

Quizplus · Accepted Answer

Free trade refers to a system of trade where there are no barriers or restrictions placed by governments on the movement of goods and services across borders. This can include the elimination of tariffs, quotas, taxes, and other trade barriers. Free trade policies are implemented to promote economic growth and efficiency by allowing businesses to trade and compete on a level playing field. Global trade compliance, on the other hand, refers to the adherence to legal and regulatory requirements when engaging in international trade. Globalization refers to the interconnectedness of economies and societies around the world. Sovereignty refers to the authority of a government to govern and make laws within its own territory.

The Flow of Goods and Services Across Borders Unhindered by Government-Imposed