- Tariffs: Taxes or duties imposed on imported goods, making them more expensive and less competitive compared to domestically produced goods.
- Quotas: Restrictions on the quantity or value of goods that can be imported or exported.
- Embargoes: Complete bans on specific goods or trade with certain countries.
- Subsidies: Financial assistance provided to domestic industries or businesses by the government, giving them an advantage over foreign competitors.
- Regulations and standards: Imposing complex and stringent regulations or standards that foreign goods or services must meet, creating barriers to entry for foreign businesses.
- Intellectual property rights: Restrictions on the use or reproduction of patented technologies, trademarks, copyrights, etc., making it harder for foreign businesses to compete.
Which of the following is an example of a trade barrier
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