6econ009w

• Internal Code :
• Subject Code : 6ECON009W
• University :
• Subject Name: International Economy

Section (A) Answer 2: One of the most challenging situations in front of any economy is whether to implement free trade policy or practice protectionism.  In free trade there is no barrier in trade, trade is free from quotas, restrictions and tariffs and can expand its business and grow naturally. It means you have option whether you can encourage foreign goods into the country by implementing minimum tariffs. The main purpose of free …