Free trade refers to trade between countries
A) that is licensed by both governments.
B) that is without shipping costs.
C) of products which are free to low-income consumers.
D) that is without restrictions.
D
Economics
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The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, at the equilibrium level of output, the marginal external cost is
A) zero B) $10 C) $20 D) $30
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Over time, regulatory machinery may shift toward the special interests of producers, who, in effect, "capture" the regulating agency
a. True b. False
Economics