Question

1. which are benefits of free trade? fewer imports greater variety of goods lower prices for consumers higher trade restrictions 8. match the policy to its effect: 1. free trade 2. quotas 3. tariffs a. limit number of imports b. raise prices on foreign goods c. expands consumer choice 9. match the trade term to its meaning: 1. imports 2. free trade 3. exports a. removal of tariffs/quotas b. goods purchased from abroad c. goods sold to other countries

Explanation:

1. Free trade allows for more imports, not fewer, and reduces trade restrictions. It leads to a greater variety of goods as countries can access products from around the world, and increased competition often results in lower prices for consumers.
2. Free trade expands consumer choice as it removes barriers to trade. Quotas limit the number of imports. Tariffs raise prices on foreign - goods.
3. Imports are goods purchased from abroad. Free trade is the removal of tariffs/quotas. Exports are goods sold to other countries.

Answer:

1. Greater variety of goods, Lower prices for consumers
2. 1. Free trade - c. Expands consumer choice; 2. Quotas - a. Limit number of imports; 3. Tariffs - b. Raise prices on foreign goods
3. 1. Imports - b. Goods purchased from abroad; 2. Free trade - a. Removal of tariffs/quotas; 3. Exports - c. Goods sold to other countries