With respect to international trade in the real world:
A)most nations impose some restrictions limiting the free flow of goods.
B)most nations have eliminated all barriers to free trade.
C)most nations have a completely closed economy.
D)None of the above

Question

Quizplus · Accepted Answer

Despite the push towards global trade liberalization, most nations still impose some restrictions on the free flow of goods. These restrictions can come in the form of tariffs or non-tariff barriers, such as quotas or regulations. While efforts have been made to reduce these barriers through trade agreements, such as the World Trade Organization (WTO), they still exist in most countries. Therefore, option A is the best choice.

With Respect to International Trade in the Real World