Which of the following laws is considered a trade barrier? (1 point) Responses A company that produces furniture is shut down A company that produces furniture is shut down federal aid given to unemployed workers from a factory federal aid given to unemployed workers from a factory paying money to an industry to encourage it to make goods in the country paying money to an industry to encourage it to make goods in the country consumers deciding to purchase only locally made goods consumers deciding to purchase only locally made goods
paying money to an industry to encourage it to make goods in the country
The law that is considered a trade barrier is "paying money to an industry to encourage it to make goods in the country." This practice is known as government subsidies or protectionism. It aims to support domestic industries by providing financial incentives, which can discourage foreign competition and potentially limit the access of foreign goods in the market.
The trade barrier among the given options is "paying money to an industry to encourage it to make goods in the country."
To determine the trade barrier, we need to understand what a trade barrier is. A trade barrier is any government policy or action that restricts or impedes international trade. It is used to protect domestic industries, workers, or economy from foreign competition.
In this case, paying money to an industry to encourage it to make goods in the country can be considered a trade barrier. This is because it provides financial support or incentives to a specific industry, which can distort international trade by promoting domestic production over foreign competition. It creates an unfair advantage for domestic goods and discourages consumers from purchasing imported goods.
Therefore, paying money to an industry to encourage it to make goods in the country is the option that is considered a trade barrier.