Trade policy and the relationships between trading partners, Business Economics

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Trade policy and the relationships between trading partners

Trade policy and the relationships between trading partners are characterized by several trends over the last 50 years. For the statement below, select the option that accurately describes these trends in international trade policy. The use of tariffs as a form of protectionism has ________ in the last 50 years. There are ______ trade agreements in existence now. Overall, trade today can be described as _____ free than 50 years ago.

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