Fair trade is sometimes called ________.
A) managed trade
B) manipulated trade
C) illusory trade
D) right trade
Question 2
Free trade ________.
A) is another term for managed trade
B) implies that the national government exerts minimal influence on the exporting and importing decisions of private firms
C) proposes that national governments should directly help domestic firms by providing export subsidies and tax breaks
D) suggests that the national government should actively intervene to ensure that domestic firms' exports receive an equitable share of foreign markets and that imports are controlled to minimize losses of domestic jobs and market share in specific industries
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Global Links: African Slave Trade
Growth of World Trade, 1870–2010