In a situation of free trade at the price of $25, if country b imports 120 pounds of salt, then country must import 120 pounds.
What is free trade?
- Free trade may be a trade arrangement that does not confine imports or sends out. It can too be caught on as the free advertise thought connected to worldwide exchange.
- In government, free trade is overwhelmingly supported by political parties that hold financial magnanimous positions, whereas financial patriot and left-wing political parties by and large back protectionism,the inverse of free trade.
- Most countries are nowadays individuals of the World Trade Organization multilateral trade assentions.
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