Author Question: ________ is at odds with free trade, the unrestricted flow of products, services, and capital across ... (Read 61 times)

karlynnae · **on:** Jul 7, 2018

________ is at odds with free trade, the unrestricted flow of products, services, and capital across national borders.

A) Lower-cost import
B) Trade openness
C) FDI
D) Factors of production

Question 2

Explain the connection between democracy and economic freedom. What are some of the characteristics associated with political and economic freedom?

What will be an ideal response?

Question 3

A government policy that impedes trade through means other than explicit tariffs is known as a(n) ________.

A) investment incentive
B) subsidy
C) maquiladora
D) nontariff trade barrier

Carliemb17 · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

B

Answer to Question 2

Compared to totalitarianism and socialism, democracy is associated with greater economic freedom and higher economic living standards. Economic freedom flourishes when governments support the institutions necessary for that freedom, such as freely operating markets and rule of law. The more political freedom in a nation, the more its citizens enjoy economic freedom.
Political freedom is characterized by free and fair elections; the right to form political parties; fair electoral laws; existence of a parliament or other legislative body; freedom from domination by the military, foreign powers, or religious hierarchies; and self-determination for cultural, ethnic, and religious minorities. Economic freedom relates to the extent of government interference in business, the strictness of the regulatory environment, and the ease with which commercial activity is carried out according to market forces.

Answer to Question 3

D