True. In many countries, the government plays a significant role in regulating trade and the economy through policies, laws, and regulations. This includes setting tariffs, trade agreements, monetary policy, and fiscal policy, which collectively influence economic activity and trade practices. However, the extent of government control can vary significantly depending on the country and its economic system (e.g., free market, mixed economy, or command economy). In more market-oriented economies, private entities also wield substantial power in trade and economic matters.
True or False: The government holds most of the power over trade and the economy.
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