The response that is considered a trade barrier is "paying money to an industry to encourage it to make goods in the country." This is typically referred to as a subsidy, which can create an advantage for local industries over foreign competitors, thereby acting as a barrier to trade.
Which of the following laws is considered a trade barrier? (1 point) Responses A company that produces furniture is shut down A company that produces furniture is shut down federal aid given to unemployed workers from a factory federal aid given to unemployed workers from a factory paying money to an industry to encourage it to make goods in the country paying money to an industry to encourage it to make goods in the country consumers deciding to purchase only locally made goods
1 answer