Answer and Explanation:
1. If the term "trade" is interpreted strictly, the concept of free trade will be undermined. This is because the literal interpretation will give the State the power to completely control and manage trade, which interferes with the concepts of economic liberalism which states that the State should not meddle in commercial matters beyond the protection of property.
2. As a consequence of this strict interpretation there would be consequences in the relations between large and small companies, since the State could interfere in the way they are established and how they compete with each other.
The International Monetary Fund and the World bank are similar by the way they both fight poverty in developing countries.
Answer: Option C
<u>Explanation:</u>
The International Monetary Fund and the World Bank fight to raise the living standards of the developing nations. The IMF provides support and advice to the countries as of how to develop the economy of a nation.The World Bank works out on all possible ways to develop the countries economic status on a futuristic view.
The World Bank provides money to fund projects of the developing country which would raise the economy. In times of crisis or natural calamity at once it lends a helping hand providing them assistance in medicine and other requirements.
Gorge Washington was the first president.
