ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Natural Barriers to Trade are those Barriers imposed by Nature or are due to cultural clashes between countries. The most common example of a Natural Trade Barrier would be mountains.

Detailed explanation-2: -The Correct Answer is Option 3 i.e Export Security.

Detailed explanation-3: -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-4: -Tariffs are a tax on imports. Quotas are a limit on the number of a certain good that can be imported from a certain country. Embargoes occur when one country bans trade with another country. More items