Example of Liberalization in the Philippines

Explanation:

Since the early 1980s, the Philippines has liberalized its trade policy by reducing tariff rates and removing import quantitative restrictions (see Table 3). ... TRP I also reduced the number of regulated products with the removal of import restrictions on 1,332 lines between 1986 and 1989.

Economic liberalization refers to the reduction or elimination of government regulations or restrictions on private business and trade. ... For example, the European Union has liberalized gas and electricity markets, instituting a competitive system

Explanation:

answer; (d) i believe that the correct answer is americans finally ran out of ammunition;