Business Studies, asked by arsana2018, 1 year ago

How do trade barriers affect imports and exports?

Answers

Answered by Priya444
0
Trade barriers are kept to stop importing and exporting. It stops the competition from international market..Later it removes trade barriers when the producers become strong enough to compete with international market.
Answered by queen4bad
1

Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency. ... Trade barriers, such as taxes on food imports or subsidies for farmers in developed economies, lead to overproduction and dumping on world markets, thus lowering prices and hurting poor-country farmers.

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