Question

9. Quotos and taxes on imports are:
(a) Trade barriers
(c) Domestic revenue sources
(b) International agreements
(d) All of the above​

Answer 1

Answer:

Trade barriers are government-induced restrictions on international trade. Man-made trade barriers come in several forms, including:

Explanation:

Tariffs

Non-tariff barriers to trade

Import licenses

Export licenses

Import quotas

Subsidies

Voluntary Export Restraints

Local content requirements

Embargo

Currency devaluation

Trade restriction

Most trade barriers work on the same principle–the imposition of some sort of cost on trade that raises the price of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade war results.