Countries can establish limits on trade, which can:* limit the influence of the foreign sector. * punish other countries by withholding trade. * limit the amount of foreign goods that can be ..... .

TRADE EXCHANGE AND INTERDEPENDENCE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Countries can establish limits on trade, which can:* limit the influence of the foreign sector. * punish other countries by withholding trade. * limit the amount of foreign goods that can be ____ .

A	imported
B	exported
C	produced
D	None of the above

Explanation:

Detailed explanation-1: -Trade restrictions are typically undertaken in an effort to protect companies and workers in the home economy from competition by foreign firms. A protectionist policy is one in which a country restricts the importation of goods and services produced in foreign countries.

Detailed explanation-2: -Quotas are government-imposed trade restrictions that limit the number or monetary value of goods that a country can import or export during a particular period.

Detailed explanation-3: -Check all that apply. to force domestic industries to compete to restrict foreign influence in a sector to restrict importation of a foreign good to raise the price of foreign goods to punish other countries. This is a modal window.

Detailed explanation-4: -Disadvantages of International Shipping Customs and Duties. International shipping companies make it easy to ship packages almost anywhere in the world. Language Barriers. Cultural Differences. Servicing Customers. Returning Products. Intellectual Property Theft. 15-Mar-2018

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE