Governments try to protect the private domestic industries by providing them financial support.Which of the following trade barriers refers to such financial support?

Question

Quizplus · Accepted Answer

Subsidy is the trade barrier that refers to financial support provided by the government to protect the private domestic industry. Embargo is a total ban on trade with a country, protective tariff is a tax on imported goods, and import quota restricts the amount of a specific product that can be imported.

Governments Try to Protect the Private Domestic Industries by Providing