When a government adopts ________, it enforces rules on foreign firms in order to give local companies an advantage over global competitors.

Question

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Trade barriers are restrictions or limitations on the imports or exports of goods and services. When a government imposes trade barriers, it creates obstacles for foreign firms to compete with local ones. This may include tariffs, quotas, embargoes, or other regulations that make it harder for foreign businesses to sell their products or services in the country. The goal is to protect local industries from foreign competition and promote domestic economic growth.

When a Government Adopts ________, It Enforces Rules on Foreign