2006-07-04 16:02:44 · 4 answers · asked by psabzi 1 in Social Science ➔ Economics
Technically, open trade means there is no barrier to the act of trading. That's why as previous answers have indicated, tariffs are supposedly out of the question. But it is a term that has been consistently proving itself to be different from its original conception.
2006-07-04 16:55:50 · answer #1 · answered by jinky 2 · 0⤊ 0⤋
An open trade policy is one that is generally not restrictive of the flows of goods and services between nations.
Your economics text, chapter 11, will help you figure this one out.
2006-07-05 03:25:58 · answer #2 · answered by Veritatum17 6 · 0⤊ 0⤋
An open trade policy is one where imports do not have quantitative restrictions or levels of tariffs assigned to them.
2006-07-04 16:10:47 · answer #3 · answered by merdenoms 4 · 0⤊ 0⤋
I believe that is when imports and exports do'nt pay a tariff tax on goods.
2006-07-04 16:06:02 · answer #4 · answered by michaelmoss30054 4 · 0⤊ 0⤋