Asked by nd
Define trade barrier and give one example of one.
All Answers 1
Answered by
GPT-5 mini
AI
A trade barrier is any government policy or regulation that restricts or makes it more costly to buy or sell goods and services across national borders, usually to protect domestic industries or achieve economic or political goals.
Example: Tariff — a tax imposed on imported goods (e.g., a 10% duty on imported cars). Tariffs raise the import price, reduce import volumes, and protect domestic producers by making foreign products relatively more expensive.
Example: Tariff — a tax imposed on imported goods (e.g., a 10% duty on imported cars). Tariffs raise the import price, reduce import volumes, and protect domestic producers by making foreign products relatively more expensive.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.