The concept of free trade means Group of answer choices A. buyers and sellers contract with each other and offer some goods at no cost. B. goods and services can be traded freely across borders without political and/or economic barriers. C. there is no exchange of currency for these products. D. a bartering process without currency exchange is used to purchase goods.
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Step 1: Free trade refers to the economic policy of allowing goods and services to be traded across borders without any restrictions or barriers such as tariffs, quotas, or subsidies. Show more…
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Barter is the exchange of goods and services for goods and services without the use of money. Any exchange, with or without the use of money, in which the participants negotiate (or barter) the price of the goods to be exchanged. a. The exchange of money for goods and then the exchange of those goods for money. b. The exchange of money for money, or the exchange of money for stocks and bonds. c. The exchange of goods and services for goods and services without the use of money. d. Any exchange, with or without the use of money, in which the participants negotiate (or barter) the price of the goods to be exchanged.
Rachel G.
Supporters of free trade argue that it creates which economic benefit? O A. Helping the environment by reducing emissions from shipping B. Helping consumers by lowering the cost of goods and services C. Protecting workers by enforcing international labor regulations D. Promoting independence by reducing reliance on foreign goods
The high transaction costs associated with a barter system refers to: Answer a. The fact that, often times, these exchanges are taxed by governments b. The risk associated with having to carry an inventory of goods to trade c. The high cost associated with finding someone with whom to exchange d. The cost of drawing up complete contracts
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