According to economic liberalism, what should happen to unnecessary barriers to trade?
Answer and explanation
Correct answer: They should be removed
The governing concept is economic liberalism, which favoured freer trade and the movement of goods, capital, and business activity. Unnecessary internal customs duties and similar restrictions raised prices and fragmented markets, so liberals argued that such barriers should be removed. Therefore option A is correct. Increasing or selectively imposing barriers, as suggested in B, C, and D, would preserve restrictions rather than promote an integrated market.
Frequently asked questions
What is the correct answer to this question?
They should be removed
Why is this the correct answer?
The governing concept is economic liberalism, which favoured freer trade and the movement of goods, capital, and business activity. Unnecessary internal customs duties and similar restrictions raised prices and fragmented markets, so liberals argued that such barriers should be removed. Therefore option A is correct. Increasing or selectively imposing barriers, as suggested in B, C, and D, would preserve restrictions rather than promote an integrated market.
Which subject and chapter does this question cover?
This is a Class 10 Social Science question. Chapter: The Age of Industrialisation. Topic: The Making of Nationalism in Europe (Aristocracy, New Middle Class, Liberal Nationalism).
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