Question

QNo.76 Policy of Protection in trade
es
A. Facilitates trade
B. Protects local producers
C. Protects foreign producers
D. Protects exporters
Response​

Answer 1

Answer:

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Answer 2

Policy of protection in trade will facilitate trade and protect it for local producers and exporters.

Explanation:

Trade policies are mainly focused on promoting trade practices. In general, any country would like to promote its local trade more than foreign trade. It will work toward providing subsidies to the local manufacturers and traders.

It set the limits for import quotas. It also works to help set the trade tariffs and rates. But it will never encourage local population to purchase more of foreign manufactured goods. So import units are never benefits with trade policies

So here the correct answer should be  option A., option B., and Option D.