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Free trade refers to a condition in which a country does not attempt to limit what its citizens can buy from or sell to another country.
<h3>Free trade</h3>
They can extend new markets, increase gross domestic product, and invite new acquisitions.Countries must negate the domestic advantages of free trade agreements with their results.
Under a free trade policy, goods and services can be purchased and sold across international borders with little or no government tariffs, quotas, grants, or prohibitions to inhibit their exchange. The idea of free trade is the opposite of economic isolationism.
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The internet links the Earth's economies.
Answer:
cash payments for merchandise total is $44,000
Explanation:
purchase for the year
Beginning Investment + Purchases - Ending Investment = Cost of Merchandise sold
13,500 + Purchases - 10,500 = 45,000
Purchases = 42,000
Therefore, the total cash paid for merchandise
Beg. A/P + Purchases - End. A/P = Cash Paid
7,000 + 42,000 - 5,000 = $44,000
