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Economics: MCQ Objective Questions
When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves. It is called as(A). Laissez Faire (LF)
(B). Liberal Trade Agreement (LTA)
(C). Free Trade Agreement (FTA) ✅
(D). All of the above
Detailed Explanation - Economics MCQ
◾A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them.
◾Goods and services can be bought and sold across international borders with little or no government tarrifs, quotas, subsidies.
