Question

Free trade ________. a. is another term for managed trade b. proposes that national governments should directly help domestic firms by providing export subsidies and tax breaks c. implies that the national government exerts minimal influence on the exporting and importing decisions of private firms d. suggests that the national government should actively intervene to ensure that domestic firms exports receive an equitable share of foreign markets and that imports are controlled to minimize losses of domestic jobs and market share in specific industriese. both c and d

Answer 1

Answer:

c. implies that the national government exerts minimal influence on the exporting and importing decisions of private firms

Explanation:

• Free Trade is a trade policy by the govt of various countries to remove the restriction from the imports and exports of goods and services which is ideal for the international trade.

• Trade-in services without taxes or other trade barriers, Unregulated access to market information, increase economic growth and lower the government spendings and also allows for the technology transfer. It also leads to jobs outsourcing.