GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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unconstrained purchase and sale of goods and services between countries without tariffs, duties or quotas
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type of trade movement which focuses on the improvement of trading circumstances
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flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
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economic transactions between countries or other foreign entities
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difference between a country’s imports and exports
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Detailed explanation-1: -free trade, also called laissez-faire, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports).
Detailed explanation-2: -A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.
Detailed explanation-3: -A Free trade Agreement (FTA) is an agreement between two or more countries where the countries agree on certain obligations that affect trade in goods and services, and protections for investors and intellectual property rights, among other topics.
Detailed explanation-4: -A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages.