WAEC Economics 1997 Question 35

Question 35

International Trade

Free Trade means

  1. A.producers are free to determine their prices
  2. B.market forces are allowed to determined prices
  3. C.non-restriction of international trade
  4. D.goods are to be sold free of charge
  5. E.people are free to buy in foreign countries
Show the answer and explanation

Answer: C (non-restriction of international trade)

Explanation

Free trade is international trade without tariffs, quotas or other restrictions.