Question

__________ : trade between countries that is free of import-export quotas, duties, or other governmental restrictions.

Answer 1

The answer is B. Free Trade

free Trade will established an Open Market that will make the traded goods became significantly cheaper ( because the Company doesn't have to deduct the tax expense)

The major weakness of creating a free trade Area is it will basically created a threat for local business, because the government basically allow the Foreign competitors to come freely