Q 1. Tax on imports is one type of trade barrier. The government could also place a
limit on the number of goods that can be imported. This is known as quotas.
Can you explain, using the example of Chinese toys and other Chinese product
that how quotas can be used as trade barriers and why it is used?
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Tax on imports is one type of trade barrier. The government could also place a limit on the number of goods that can be imported. This is known as quotas.
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