Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
Question
Book Icon
Chapter 18, Problem 3AA
To determine

To fill: The blank with suitable option.

Expert Solution & Answer
Check Mark

Answer to Problem 3AA

Option (a)

Explanation of Solution

International trade refers to the buying and selling of goods and services across international boundaries. Some countries follow the ideology of free trade while others follow protectionism. Free trade allows the movement of goods and services, capital, labor, etc. to move freely between countries without any trade barriers while protectionism opposes this idea and restricts imports by imposing several tariff and non-tariff barriers.

So, these different theories of global trade sow the seeds of arguments among their respective followers.

Hence the correct option is (A) Source.

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