Which of the following strategies emphasizes free trade?

A) Nationalization of industries
B) Promotion of exports
C) Higher export tariff
D) Higher import tariff
E) Higher quota restriction

Import Tariff

A tax imposed by a government on goods brought into the country, aimed at making imported goods more expensive than domestic products.

Export Tariff

A tax imposed by a government on goods being exported from a country, often used to regulate trade balances.

Free Trade

The unrestricted buying and selling of goods and services between countries without the imposition of tariffs, quotas, or other restrictions.