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Question
The act of opening up economies for trading by bringing down trade barriers like tariffs and allowing goods and services from everywhere to compete with domestic products and services is called ______.
Options
Dumping
Trade liberalization
Balance of trade
Bilateral trade
MCQ
Fill in the Blanks
Solution
The act of opening up economies for trading by bringing down trade barriers like tariffs and allowing goods and services from everywhere to compete with domestic products and services is called Trade liberalization.
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