Free trade is based on the principle of:

Related MCQs

• In a free trade world in which no restrictions exist, international trade will lead to:
• If a nations terms of trade is ½ its trade partners terms of trade is
• “Free trade between two countries in H O model will equalize relative factor prices provided there is incomplete specialization.” This is
• Why do some people argue against free international trade?
• In free trade between two countries in an H-O world:
• According to the Heckscher - Ohlin model, if the United States is richly endowed in human capital relative to Mexico, then as NAFTA increasingly leads to more bilateral free trade between the two countries,
• If Japan and Pakistan start free trade, difference in wages in two countries will:
• The movement to free international trade is most likely to generate short-term unemployment in which industries:
• Arguments for free trade are sometimes disregarded by politicians because:
• The North American Free Trade Agreement