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Trade Barriers Quiz

Which best describes why countries establish limits on international trade? Choose three answers.

A. To force domestic industries to sell higher quality goods
B. To restrict foreign influence in a sector
C. To restrict importation of a foreign good
D. To lower the price of foreign goods
E. To punish other countries



Answer :

GinnyAnswer

Final answer:

Trade barriers are restrictions put in place by countries to protect domestic industries through methods like tariffs, import quotas, and nontariff barriers.


Explanation:

Trade barriers are restrictions that nations impose on international trade to protect domestic industries. These barriers can include tariffs, which are taxes on imported goods, import quotas, which limit the quantity of imports, and nontariff barriers like product content requirements. They are used to force domestic industries to sell higher quality goods, restrict foreign influence, and control the importation of foreign goods.


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