By erecting barriers, charging tariffs, designing quotas and implementing other import regulations, governments have attempted to:
A)popularise bureaucratic movement and entice more individuals into government service.
B)restrict the impact of global trade and financial flows.
C)increase income into the government.
D)capitalise on technology and enforce worldwide standards.

Question

Quizplus · Accepted Answer

By erecting barriers, charging tariffs, designing quotas and implementing other import regulations, governments attempt to restrict the impact of global trade and financial flows. This is done in order to protect their domestic industries from foreign competition, safeguard local jobs, and improve their balance of trade.

Note: The other options are not relevant to the objectives of implementing import regulations.

By Erecting Barriers, Charging Tariffs, Designing Quotas and Implementing Other