Question

what is the importance of trade barrier for the government?
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Answer 1

Answer:

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SIMPLY WE CAN SAY.

Explanation:

A barrier to trade is a government-imposed restraint on the flow of international goods or services.

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Answer 2

Hello friends.

• trade barrier. A government imposed restriction on the free international exchange of goods or services.

• The Basics of Tariffs And Trade Barriers. International trade increases the number of goods that domestic consumers can choose from, decreases the cost of those goods through increased competition, and allows domestic industries to ship their products abroad.

• Advantages to trade protectionism include the possibility of a better balance of trade and the protection of emerging domestic industries. Disadvantages include a lack of economic efficiency and lack of choice for consumers. Countries also have to worry about retaliation from other countries.

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