What is something that keeps goods and services from entering a country called?
Comparative Advantage
Productivity
Trade Barrier
Development
Trade Barrier
A trade barrier is something that keeps goods and services from entering a country.
The correct answer to the question is "Trade Barrier."
To arrive at this answer, we can use the process of elimination. Let's go through the options:
1. Comparative Advantage: Comparative advantage refers to a country's ability to produce a good or service more efficiently than another country. It does not pertain to anything that restricts the entry of goods and services into a country.
2. Productivity: Productivity is a measure of how efficiently resources are utilized to produce goods and services. While it is an important concept related to economic growth, it does not directly address the question of what restricts the entry of goods and services into a country.
3. Trade Barrier: A trade barrier refers to any obstacle or restriction imposed by a government or regulatory authority that hinders the flow of goods and services across international borders. Examples of trade barriers include tariffs (taxes on imports), quotas (limits on the quantity of goods that can be imported), and regulations or standards that make it difficult for foreign products to enter a domestic market. Therefore, trade barrier is the term that appropriately describes something that keeps goods and services from entering a country, making it the correct answer.
4. Development: Development typically refers to the process of improving the economic, social, and political conditions of a nation or a region. While development can influence a country's trade environment, it does not explicitly represent something that restricts the entry of goods and services into a country.
In conclusion, the correct answer is "Trade Barrier."