Final answer:
To become a 'free trade' nation, countries can privatize formerly government-run monopolies and lower tariffs, while reducing subsidies and regulations may not align with this goal.
Explanation:
Privatizing formerly government-run monopolies and lowering tariffs are ways a nation can become a 'free trade' nation by reducing trade barriers. On the other hand, low subsidies and regulations are not typically associated with becoming a free trade nation as subsidies can distort the free market.
Learn more about Free Trade Nations here:
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