Questions and Answers
What term is used to describe a country's economic relationship with outside countries?
Open economy
Why do most western governments create barriers, according to the text?
To protect citizens against illegal drugs
What organization is responsible for promoting the growth of free trade between economies?
World Trade Organization (WTO)
When one country believes another is taking unfair advantage of trade policies, what action might be employed?
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What is the term used to describe a country preventing other countries from trading freely in order to protect its domestic market?
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Apart from global agreements under WTO rules, what other types of agreements exist, according to the text?
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What does the World Trade Organization (WTO) sometimes do when disputes arise between countries?
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