When nations are engaged in free trade with each other, what are they doing?

A. Limiting the use of tariffs and quotas on each other's businesses

B. Raising the level of tariffs and quotas with each other

C. Eliminating shipping costs between member countries

D. Lowering the costs of all products with each other

Question

Boyd

Social Studies

11 August, 15:14

When nations are engaged in free trade with each other, what are they doing?

A. Limiting the use of tariffs and quotas on each other's businesses

B. Raising the level of tariffs and quotas with each other

C. Eliminating shipping costs between member countries

D. Lowering the costs of all products with each other

+4

Answers (2)

Know the Answer?

Eden Key · Answer 1

A, they are limiting the user of tariffs and quotas on reach other's business

Kennedi Potts · Answer 2

When nations are engaged in free trade with each other, thay are limiting the use of tariffs and quotas on each other's businesses. Option A is correct.

Free trade determines the tariffs and duties that countries impose on imports and exports. It can also be defined as the free market idea applied to international trade. Nowadays, most nations are members of the World Trade Organization multilateral trade agreements. In fact, trade agreements affect international trade.