Compare and contrast the main principles of free trade and protectionism. Identify two key differences in their approaches to international trade. Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a Free trade promotes open markets and minimal government intervention, while protectionism advocates barriers to shield domestic industries from foreign competition. b Both free trade and protectionism emphasize the importance of import tariffs as a primary mechanism for regulating trade. c Free trade exclusively benefits large multinational corporations, while protectionism is geared toward supporting small businesses. d Protectionism encourages currency manipulation, while free trade focuses on fixed exchange rates for stability