Question

Which example might work to limit trade between countries?

Answer 1

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Trade barriers cause a limited choice of products and, therefore, would force customers to pay higher prices and accept inferior quality.

Trade barriers generally favor rich countries because these countries tend to set international trade policies and standards.

Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency, which can be explained by the theory of comparative advantage.

Answer 2

Answer:

Man-made trade barriers come in several forms, including:

Tariffs.

Non-tariff barriers to trade.

Import licenses.

Export licenses.

Import quotas.

Subsidies.

Voluntary Export Restraints.

Local content requirements