MENU
Which one of the following is least likely to be a barrier to free trade?
Suggested Answer: C
Get Premium L3M3 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
Trading blocs eg EU, EFTA, ASEAN aim to free up trade within the bloc; the other answers of-fered will negatively affect free trade.
17 comments · newest first
FR
Francoise
2 months ago
Same here! Clear reasoning for C.
DO
Doug
2 months ago
I feel confident about this question.
JA
Javier
2 months ago
But trading blocs help countries work together.
DO
Domitila
2 months ago
B) Subsidies can distort competition too.
KE
Kerry
2 months ago
Definitely, D) Embargoes are strong barriers.
KR
Kristofer
2 months ago
A) Exchange controls can restrict trade.
JA
Jannette
3 months ago
Agreed! Trading blocs promote trade.
CA
Catalina
3 months ago
I think C) Trading blocs is the least likely barrier.
BI
Billye
3 months ago
Embargoes are the biggest barrier for sure!
VE
Venita
3 months ago
I’m not so sure about that. Seems like they can help trade.
GL
Glory
3 months ago
Wait, are we really considering trading blocs as a barrier?
LE
Leonardo
4 months ago
I think subsidies can be a big issue too.
LO
Loreta
4 months ago
Trading blocs definitely create barriers.
SH
Sharita
4 months ago
I practiced a similar question where we had to identify barriers, and I think embargoes are pretty strong barriers, so maybe trading blocs are the answer here.
GA
Garry
4 months ago
I feel like exchange controls are definitely a barrier, but I can't recall if they are more significant than embargoes.
PE
Pedro
4 months ago
I'm not so sure about that. I remember discussing how subsidies can distort free trade, but I'm not clear on their ranking as barriers.
KR
Kristeen
4 months ago
I think trading blocs might be the least likely barrier since they often promote trade between member countries.