Why would countries be willing to place barriers on trade?

Explain two factors that might encourage a country to place quotas and tariffs on imported goods.

Question

11-06-2024
Social Studies

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Why would countries be willing to place barriers on trade?

Explain two factors that might encourage a country to place quotas and tariffs on imported goods.

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-11T17:03:27-04:00

Final answer:

Tariffs and quotas are trade barriers used by countries to protect domestic industries and ensure fair competition.

Explanation:

Tariffs and quotas are trade barriers imposed by countries for various reasons. Two factors that may encourage a country to implement these barriers include protecting sensitive industries and guarding against dumping. Tariffs and quotas are used to shield domestic producers, ensure fair competition, and safeguard national interests.

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