Which of the following initiatives would be used to help facilitate free trade?

Question

Responses

specialization
specialization

globalization
globalization

deregulation
deregulation

all of the above

Answer 1

Correct! All of the above initiatives (specialization, globalization, and deregulation) can help facilitate free trade. Specialization allows countries to focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and trade. Globalization refers to the increasing interconnection and integration of countries in terms of trade, investment, and cultural exchange. Deregulation involves the reduction of government regulations and barriers to trade, making it easier for businesses to operate across borders.