Which Of The Following Is An Example Of A Trade Barrier? Option C I.e Tax on imports is the correct answer. The tax which is lieved on the foreign goods at their entry in a country is referred to as Import Tax or tax on imports. It is thus one of the example of trade
What Are The Different Types Of Trade Protection? Barriers to Trade. Protectionism takes three main forms: tariffs, import quotas, and nontariff barriers. Tariffs are taxes that a government imposes on imported goods and services. This makes imports more expensive for consumers, discouraging purchases of imports in favor or domestic substitutes. What are trade protections? Trade
Which Of The Following Are Valid Arguments In Favor Of Trade Restrictions? Which of the following are valid arguments in favor of trade restrictions? Trade restrictions allow newly formed domestic industries to grow until they can compete internationally. Trade restrictions increase domestic employment across industries in the long run. Trade restrictions help prevent product dumping.