Question

Tariffs, quotas, and subsidies are examples of

Answer 1

trade barriers................

Answer 2

Tariffs, quotas, and subsidies are examples of trade barriers. Trade barriers is a step taken by different countries to protect their own citizens jobs by limiting other countries to sell foreign produced goods in some way so that goods produced at home are more appealing to the consumer.

1. Tariffs are taxes that are placed on imports making the import more expensive than a comparable domestic product.

2. Quotas are limits on the number of goods that may be imported.