Free trade expands national boundaries.
Free trade reduces the influence of command economies.

Question 8 (Multiple Choice Worth 3 points)

In a rural town of York Springs, there was only one grocery store and just one gas station. How would you describe these businesses?

A. Active competitors
B. Competitive companies
C. Monopolies
D. Price-controlling oligopolies

In a rural town with one grocery store and gas station, these businesses can be described as monopolies due to their control over their respective markets.

Explanation:

In a rural town of York Springs with only one grocery store and gas station, these businesses can be described as monopolies. A monopoly exists when a single company controls the market for a product or service, leading to limited competition and potential price-setting power.

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