Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Economics P1: Protection And Trade > Free Trade > Flashcards

Free Trade Flashcards

1
Q

What is free trade

A

No barriers on trade

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Positives of free trade

A

Specialization
Economies of scale
Innovation
Improved international relations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is a desirable mixture of free trade and protectionism

A

Regionalization, trade blocks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Example of desirable mixture

A

Free trade area .. NAPTA

custom Union

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Economics P1: Protection And Trade (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions