Question

37) Which of the following is an argument far free trade
a) prevents monopolies
b) unfavourable terms of trade
c) unfavourable balance of payments
d) allows monopolies​

Answer 1

Answer:

c .) unfavorable balance of payments

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what ever I know ,I answered it.

Answer 2

Option A is the correct answer.

Prevents monopolies is an argument for free trade.

1. When there is absence of any kind of government intervention in the trade then it is called as free trade.
2. Monopoly practice can be achieved through restrictive trade practices or by preventing competition. This feature is absent in free trade therefore it prevents monopolies.
3. For having monopolies at international level the interference of government will be essential which is absent in free trade.