Nations utilize legal barriers,exchange barriers,and psychological barriers to restrain entry of unwanted goods.

Question

Quizplus · Accepted Answer

This statement is true. Nations use different types of barriers such as legal, exchange and psychological to restrict the entry of unwanted goods. Legal barriers can include tariffs, quotas, and regulations, while exchange barriers can include currency restrictions and export controls. Psychological barriers are usually aimed at reducing demand for foreign goods through nationalistic messages or product boycotts.

Nations Utilize Legal Barriers,exchange Barriers,and Psychological Barriers to Restrain Entry