Protection of domestic industries is often a reason by countries in imposing trade barriers.

Name: Protection of domestic industries is often a reason by countries in imposing trade barriers.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Protection of domestic industries is one of the main reasons for countries to impose trade barriers such as tariffs, quotas, and subsidies. These trade barriers limit imports, allowing domestic industries to compete more easily in the domestic market.

Protection of Domestic Industries Is Often a Reason by Countries