Tariffs, quotas, and subsidies are examples of
A) free trade.
B) trade barriers. ***
C) trade incentives.
D) restrictive licenses.
Yep.
whooo! Sorry but I have A LOT more, plz work with me- thank you Ms Sue
No problem.
what the answer
The correct answer is B) trade barriers. Tariffs, quotas, and subsidies are all examples of trade barriers, which are measures that countries can implement to restrict or control the flow of imports and exports.
To get to this answer, you can break down the question and identify the key terms. The question asks for examples of something, so we need to figure out what that 'something' is. The options given are "free trade," "trade barriers," "trade incentives," and "restrictive licenses."
The correct answer is unlikely to be A) "free trade" since tariffs, quotas, and subsidies are all measures that restrict trade, rather than promote it.
Next, let's look at C) "trade incentives." While tariffs, quotas, and subsidies may impact trade, they are not specifically meant to incentivize or promote trade. So C) can be eliminated.
Finally, D) "restrictive licenses" refers to a different type of trade restriction that involves granting licenses to import or export, thereby limiting the number of businesses allowed to engage in international trade. While restrictive licenses might be a type of trade barrier, tariffs, quotas, and subsidies are more commonly associated with trade barriers. Therefore, B) "trade barriers" is the most fitting answer.