When Does Free Trade Occur

question 9

Multiple Choice

When does free trade occur?

• A) It occurs when there are no transportation costs.
• B) It occurs when a government pays for the imports.
• C) It occurs when there are barriers to entry.
• D) It occurs when there are no barriers to trade.

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Definitions:

Mandatory Benefit

Employment benefits that an employer is legally required to provide to employees, such as social security and workers' compensation.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs through no fault of their own, intended to provide temporary financial support.

Public Protection Program

Initiatives or schemes designed by governments or organizations to safeguard the well-being and safety of the general public.

Employee Involvement Approach

A strategy where employees are given the opportunity to participate in decision-making processes and contribute to problem solving and improvements in their workplace.