Examlex
Which of the following is TRUE of taste?
Free Trade
Worldwide trade unencumbered by tariffs, quotas, or any form of regulatory constraints.
Frederic Bastiat
A French economist and author known for his theories on economics and his advocacy of free markets and limited government.
Economic Theory
A set of principles and concepts that helps in the explanation and prediction of economic phenomena.
International Trade
The exchange of goods and services between countries, allowing for greater variety and availability of resources and products.
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