Question

Which of the following is a feature of trade barriers ? [CBSE March 2011] () Government can use trade barriers to regulate foreign trade. (ii) Government can use it to decide what kind of goods and how much of each, should come into the country. (in) WTO encourages trade barriers. (iu) Most of the countries use trade barriers to protect their home industry. a. only. 1. and. 2. b. only. 2and. 3. c. only 3. d. all. mention. above. ​

Answer 1

correction option is an i.e. only 1 and 2

Explanation:

correction option is an i.e. only 1 and 2

Trade Barrier refers to that instruction on the imported product that restricts the flow of product from the international border. it is a barrier against product and service from the foreign market.  

There are mainly three main types of barriers i.e.

1) Tariffs

2) Non tariffs

3) Quotas

Trade barriers increase the production of domestic products, increase employment, provide consumer satisfaction, etc.

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Answer 2

Explanation:

here's the answer!!

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