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dimaraw [331]
2 years ago
11

The united states and kenya are exploring the possibility of a trade deal. ________ refers to a situation in which a government

does not attempt to restrict what its citizens can buy from or sell to another country.
Business
1 answer:
SVEN [57.7K]2 years ago
3 0

Free trade refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.

<h3>What is Free trade?</h3>

A free trade policy is one in which imports and exports are not restricted. It is also known as the free market concept applied to international trade.

Goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or bans impeding their interchange under a free trade policy. Trade protectionism and economic isolationism are the polar opposites of free trade.

Without the impact of tariffs, quotas, or subsidies, free trade allows consumers to pick what is best for them. Increased international competitiveness provides similar benefits to increased domestic competition: - Greater efficiency. - More variety and distinctiveness.

To know more about Free trade follow the link:

brainly.com/question/10608502

#SPJ4

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3 years ago
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Option C. Have a low value-to-weight ratio.

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The reason is that the transportation cost is connected with the weight of the product whereas the profit of the profit will diminish if the value to weight is low which means that the profit generated is very low which will be paid off to transport the product. So the option C is correct.

Option A is not connected with transportation cost which turns the profitable products into unprofitable products due to its high cost.

Option B is opposite of option C hence both are incorrect.

Option D is incorrect because if the product is only produced in one region then it will be the only firm offering that product which means it can price its product geographically to adjust the transportation cost. Hence it is also not connected with the transportation cost which turns the profitable products into unprofitable products due to its high cost.

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Foreign Antitrust Act.

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