Which of the following terms best represents a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country,or what they can produce and sell to another country?

Question

Quizplus · Accepted Answer

Free trade is a policy in which the government does not attempt to influence what its citizens can buy from or sell to another country. It promotes open markets and the free flow of goods and services across borders without barriers such as quotas or tariffs. Positive-sum game and absolute advantage are economic concepts that relate to trade but do not specifically describe a situation in which a government does not attempt to influence it. Socialism and zero-sum game are political and economic concepts that are not directly related to trade.

Which of the Following Terms Best Represents a Situation in Which