What is a Trade barrier? Write two it's Benefits?
Answers
Answer:
Explanation:
A barrier to trade is a government-imposed restraint on the flow of international goods or services
Trade barriers protect domestic industry and jobs. Workers in export industries benefit from trade. Moreover, all workers are consumers and benefit from the expanded market choices and lower prices that trade brings.
Answer:
Trade barriers are government-induced restrictions on international trade. Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency; this can be explained by the theory of comparative advantage.
Trade barriers protect domestic industry and jobs. Workers in export industries benefit from trade. Moreover, all workers are consumers and benefit from the expanded market choices and lower prices that trade brings
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