Question
Which of the following are examples of trade barriers? Select the three correct answers
(1 point)
(1 point)
Answers
GPT-4o mini
To help you better, I would need to know the specific options you are considering as examples of trade barriers. However, common trade barriers include:
- Tariffs: Taxes imposed on imported goods to make them more expensive and thus less competitive against domestic products.
- Quotas: Limits on the amount of a specific good that can be imported, restricting supply and protecting domestic industries.
- Subsidies: Government financial support for local businesses, allowing them to reduce their prices and compete more effectively against foreign imports.
If you provide the list of specific options you have, I can identify which are trade barriers.
- Tariffs: Taxes imposed on imported goods to make them more expensive and thus less competitive against domestic products.
- Quotas: Limits on the amount of a specific good that can be imported, restricting supply and protecting domestic industries.
- Subsidies: Government financial support for local businesses, allowing them to reduce their prices and compete more effectively against foreign imports.
If you provide the list of specific options you have, I can identify which are trade barriers.