Get the most out of your questions with the extensive resources available on IDNLearn.com. Discover thorough and trustworthy answers from our community of knowledgeable professionals, tailored to meet your specific needs.
Sagot :
Final answer:
Trade barriers are tools used to protect local products from foreign competition through measures like tariffs.
Explanation:
Trade barriers are an example of a trading relationship that protects local products from foreign competition. These barriers include tariffs, import quotas, and non-tariff barriers like subsidies. Tariffs, for instance, are taxes placed on imports to make them more expensive, thus encouraging the purchase of domestic products.
Learn more about Trade barriers here:
https://brainly.com/question/29767688
Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. Thank you for visiting IDNLearn.com. We’re here to provide accurate and reliable answers, so visit us again soon.