Free trade:
A) formed the basis for the mercantilist philosophy.
B) is in direct contrast to the notion of the invisible hand as advocated by Smith.
C) refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country.
D) rejects the laissez-faire stance toward trade and maintains that it is not in the best interests of a country.
Correct Answer:
Verified
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