Free trade a. is another term for managed trade b. proposes that national governments should directly domestic firms by providing export subsidies and tax breaks c. implies that the national government exerts minimal influence on the exporting and importing decisions of private firms d. suggests that the national government should actively intervene to ensure that domestic firms exports receive an equitable share of foreign markets and that imports are controlled to minimize losses of domestic jobs and market share in specific industriese. both c and d

c. implies that the national government exerts minimal influence on the exporting and importing decisions of private firms

Explanation:

Free Trade is a trade policy by the govt of various countries to remove the restriction from the imports and exports of goods and services which is ideal for the international trade. Trade-in services without taxes or other trade barriers, Unregulated access to market information, increase economic growth and lower the government spendings and also allows for the technology transfer. It also leads to jobs outsourcing.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.