Policies that restrict free trade are known as what?

The four key types of restrictions on free trade, or trade barriers, are...

What term refers to a situation in which a government does not attempt to restrict what its citizens can buy or sell to another country?Question 6Select one:a.Import quotasb.Tariffsc.Subsidiesd.Free trade

Complete the list below to show the first two reasons for restrictions on free trade:1. To prevent   , which is when foreign firms aggressively cut their prices and force    producers out of the market2. To protect domestic    by increasing demand for goods produced

7. It is argued that special interest groups are likely to take over and promote protectionistpolicies, which may lead to a decrease in national economic welfare. This argument leads toA) a presumption that in practice a free trade policy is likely to be better than alternatives.B) a presumption that trade policy should be shifted to Non-Governmental Organizations, so asto limit taxpayer burden.C) a presumption that free trade is generally a second-best policy, to be avoided if feasiblealternatives are available.D) a presumption that free trade is the likely equilibrium solution if the government allowsspecial interest groups to dictate its trade policy.E) a presumption that protectionist policies will better serve a country as a whole than free tradepolicies.

A Free Trade Area is:Question 40Select one:a.When a group of nations abolishes trade restrictions among themselves and imposes common and uniform tariffs on other nations.b.When a group of nations provides for the free mobility of factors of production among the member nations.c.When a group of nations adopts trade restrictions among themselves without also imposing common tariffs on other nations.d.When a group of nations abolishes trade restrictions among themselves without also imposing common tariffs on other nations.e.When a group of nations abolishes trade restrictions among themselves but also imposes common tariffs on other nations.