Which concept relates to the reduction of tariffs and embargoes so that countries can share goods and services more easily?

A.

outsourcing

B.

globalization

C.

free trade

D.

interdependence

E.

cultural convergence

The correct answer is C. The concept that relates to the reduction of tariffs and embargoes so that countries can share goods and services more easily is free trade.

Explanation:

Free trade usually means the right of people and companies to trade freely with each other, even across national borders. It therefore means the absence of restrictions such as customs duties and import restrictions between two or more states. Free trade is thus the most unrestricted and international form of a market economy, with the least possible restrictions on people-to-people contacts, trade and agreements. There are several free trade areas in the world, the largest of which is currently the European Economic Area.