ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is characterization?
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When countries trade people to other countries
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When other countries trade people in exchange for money
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When other countries trade people for people in return
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There is no such thing as a characterization trade barrier
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Explanation:
Detailed explanation-1: -The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
Detailed explanation-2: -In other words, trade barrier means the obstacles which are put in place by the government in order to limit free trade between the national economics.
Detailed explanation-3: -The Correct Answer is Option 3 i.e Export Security.
Detailed explanation-4: -Tariffs. Non-tariff barriers to trade include: Import licenses. Export control / licenses. Import quotas. Subsidies. Voluntary Export Restraints. Local content requirements. Embargo. Currency devaluation. Trade restriction.
There is 1 question to complete.