Ninenice

the policy of allowing private businesses to develop without government control is

• laissez-faire

• protectionism

• autarky

• regulation

the situation in which a country is completely self –sufficient and has no foreign trade is ...

• protectionism

• deregulation

• autarky

• dumping

Quantitative limits on the import of particular products or commodities is...

• quotas

• deficit

• surplus

• tariffs

the process of making a trade, business activity, etc. free from rules and controls is ...

• subsidization

• liberalization

• dumping

• deregulation

The housing projects are ... by the government.

• subsidised

• liberalised

• deregulated

• protected

With ... , it is impossible to know the quantity that will be imported, because prices might be elastic

• quotas

• tariffs

  a positive balance of trade or payments is ...

• deficit

• surplus

Some countries do not practise free trade because they wish to protect their ........... industries, which are important to their economy

• strategic

• traditional

Services, such as banking, insurance, tourism, and technical expertise, are ... imports and exports

• invisible

• visible