Question

Match each scenario with a concept related to the regulation of international trade.

cartel -->
embargo -->
free trade -->

a trade organization that dominates trade by keeping prices high and limiting competition
reduction or elimination of tariffs and quotas
a ban on trading with a particular country

Answer 1

cartel --> a trade organization that dominates trade by keeping prices high and limiting competition

embargo --> a ban on trading with a particular country

free trade --> reduction or elimination of tariffs and quotas

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