ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is financial assistance from the government to encourage the production of or the purchase of a good.
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This is the name for a category of trade barriers that a country may impose on another country or countries.
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This is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.
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This is a tax on imported goods and is usually designed to protect domestic production of similar goods.
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Detailed explanation-1: -Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual.
Detailed explanation-2: -Sanctions impose restrictions on activities that relate to particular countries, themes of conduct, goods and services, or persons and entities.
Detailed explanation-3: -An embargo is a trade restriction, typically adopted by a government, a group of countries or an international organization as an economic sanction. Embargoes can bar all trade, or may apply only to some of it, for example to arms imports.
Detailed explanation-4: -Reasons for sanctioning. Sanctions formulations are designed into three categories. Economic sanctions. Main article: Economic sanctions. Diplomatic sanctions. Military sanctions. Sport sanctions. Sanctions on the environment. Sanctions on individuals.