A policy of permitting the people of a country to buy and sell where they please, without restrictions, is called which of the following?

Question

Quizplus · Accepted Answer

The policy described is known as free trade, as it allows for unrestricted buying and selling between individuals and businesses within a country. Protectionism refers to the use of trade barriers and restrictions to protect domestic industries. Premium exchange is not a commonly used term in economics, and comparative advantage refers to a country's ability to produce a good or service at a lower opportunity cost than another country.

A Policy of Permitting the People of a Country to Buy