Question: There has been considerable momentum to reduce or remove trade barriers in an effort to achieve free trade. Yet, one disgruntled executive of an exporting

There has been considerable momentum to reduce or remove trade barriers in an effort to achieve “free trade.” Yet, one disgruntled executive of an exporting firm stated, “Free trade is not conceivable; we are always at the mercy of the exchange rate. Any country can use this mechanism to impose trade barriers.” What does this statement mean?

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