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Start studying Chapter 6- Free Trade. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Study with Quizlet and memorise flashcards containing terms like Liberal International Economic Order, world bank, Internation Monetary Fund (IMF) and others.
Study with Quizlet and memorize flashcards containing terms like free trade, tariff, trade quota and more.
How did the expansion of religious liberty reflect the new American ideal of freedom?
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5 Δεκ 2018 · Free trade is a largely theoretical policy under which governments impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports. In this sense, free trade is the opposite of protectionism, a defensive trade policy intended to eliminate the possibility of foreign competition.
free trade, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). A free-trade policy does not necessarily imply, however, that a country abandons all control and taxation of imports and exports.
