Question

In case of free trade, what happens to the relative price of a country's export within the country and relative domestic price of its import?​

Answer 1

Answer:

Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold liberal economic positions while economically left-wing and nationalist political parties generally support protectionism,[1][2][3][4] the opposite of free trade.