Q. Which of the following best defines free trade?
Answer: There are no restrictions on exports and imports
Notes: Free trade is a free market policy followed by some international markets in which the governments of countries do not restrict imports or exports from other countries. Buyers and sellers from different economies can trade voluntarily without the government imposing tariffs, quotas, subsidies or prohibitions on goods and services. Free trade is the opposite of trade protectionism or economic isolationism.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 67 in 43. Foreign Trade - Policy, Balance of Trade, Balance of Payment, WTO in above course in App.