The reduction or elimination of such practices such as the use of tariffs, quotas and subsidies is the fundamental drive behind the ______.Multiple choice question.global movement towards stability in foreign exchange marketsreduction in global trade and balance-of-payments deficitsglobal movement towards free tradeglobal movement towards a single currency
Question
The reduction or elimination of such practices such as the use of tariffs, quotas and subsidies is the fundamental drive behind the ______.Multiple choice question.global movement towards stability in foreign exchange marketsreduction in global trade and balance-of-payments deficitsglobal movement towards free tradeglobal movement towards a single currency
Solution
The correct answer is "global movement towards free trade". This movement aims to reduce or eliminate practices such as the use of tariffs, quotas, and subsidies, which are seen as barriers to free trade.
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