1 thought on “9. Quotos and taxes on imports are:<br />(a) Trade barriers<br />(c) Domestic revenue sources<br />(b) International agreements<br”
Answer:
Trade barriers are government-induced restrictions on international trade. Man-made trade barriers come in several forms, including:
Explanation:
Tariffs
Non-tariff barriers to trade
Import licenses
Export licenses
Import quotas
Subsidies
Voluntary Export Restraints
Local content requirements
Embargo
Currency devaluation
Trade restriction
Most trade barriers work on the same principle–the imposition of some sort of cost on trade that raises the price of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade war results.
Answer:
Trade barriers are government-induced restrictions on international trade. Man-made trade barriers come in several forms, including:
Explanation:
Tariffs
Non-tariff barriers to trade
Import licenses
Export licenses
Import quotas
Subsidies
Voluntary Export Restraints
Local content requirements
Embargo
Currency devaluation
Trade restriction
Most trade barriers work on the same principle–the imposition of some sort of cost on trade that raises the price of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade war results.