In Country X,the land-owning elite were powerful enough to influence the government.The subsequent removal of tariffs by the government,while benefitting the landowners,negatively impacted the local company Acme Manufacturing.As a result,Acme Manufacturing was no longer financially viable and had to shut down.Which term describes the policy that was enacted by the government?
A) capitalism
B) free trade
C) mercantilism
D) modernization

Question

Quizplus · Accepted Answer

Free trade is the policy of removing barriers to international trade, such as tariffs and quotas. In this scenario, the government removed tariffs, which had a negative impact on a local company while benefiting the land-owning elite. This suggests that the policy was free trade, rather than capitalism, mercantilism, or modernization, which do not necessarily involve the removal of tariffs.

In Country X,the Land-Owning Elite Were Powerful Enough to Influence