Question

the idea that international business should not be limited by tariffs or quotas is known as what?
a. free trade
b. protective tariffs
c. world trade organization
d. exclusionary tactics

Explanation:

To solve this, we analyze each option:

• Option A: Free trade is the concept where international business is not restricted by tariffs (taxes on imports/exports) or quotas (limits on quantities of goods traded).
• Option B: Protective tariffs are taxes imposed to protect domestic industries, which is the opposite of removing trade limits.
• Option C: The World Trade Organization (WTO) is an organization that promotes free trade, but it's not the idea itself.
• Option D: Exclusionary tactics are actions to exclude competitors, not related to removing trade restrictions.

So the correct option is A as it matches the definition of the idea of unrestricted international business.

Answer:

A. Free trade