One of the major limits to trade is:

Name: One of the major limits to trade is:
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Transaction costs, such as transportation costs, tariffs, and customs inspections, can add significant expenses and logistical challenges to international trade. These costs can be prohibitive for smaller businesses and limit the potential benefits of trade for all parties involved. Comparative advantage, opportunity cost, and absolute advantage are concepts related to the benefits of trade rather than limits to trade.

One of the Major Limits to Trade Is