The Case for Free Trade Is Based on the

question 51

Multiple Choice

The case for free trade is based on the

• A) theory of balanced growth.
• B) theory of absolute advantage.
• C) argument for a diversified economy.
• D) theory of comparative advantage.

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Definitions:

International Agreements

Treaties or accords reached between countries, typically involving cooperation on mutual interests or common goals.

Colonialism

The practice of acquiring full or partial control over another country, occupying it with settlers, and exploiting it economically, often associated with imperialism.

Poverty

A condition where individuals lack sufficient income or resources to achieve a minimum standard of living.

Children

Young human beings below the age of puberty or below the legal age of majority.