Which of the following are examples of trade barriers? Select the three correct answers
(1 point)
• advantages
• tariffs
• embargoes
• quotas
D comparatives
The correct answers are:
- Tariffs
- Embargoes
- Quotas
The correct answers for examples of trade barriers are:
1. Tariffs
2. Embargoes
3. Quotas
To determine the correct answers to the question, we need to understand what trade barriers are. Trade barriers refer to restrictions or obstacles that countries impose in order to regulate or limit international trade. They can take various forms, such as tariffs, quotas, embargoes, and non-tariff barriers like regulatory barriers or subsidies.
Now, let's analyze each option:
1. Advantages: Advantages are not a type of trade barrier. Advantages refer to beneficial circumstances or attributes that give someone or something a favorable condition.
2. Tariffs: Tariffs are taxes imposed on imported goods and services. They are a common form of trade barrier that increases the cost of imported products, thereby making them less competitive in the domestic market.
3. Embargoes: Embargoes involve a complete ban or restriction on trade between one country and another. They prohibit the import or export of goods, usually for political or security reasons. Embargoes are a significant trade barrier.
4. Quotas: Quotas are limits set by a country on the quantity or value of goods that can be imported or exported within a specified period. They restrict the amount of goods entering or leaving a country, thereby creating a trade barrier.
D. Comparatives: It is not clear what "comparatives" refers to in the context of trade barriers. Therefore, it does not appear to be a valid option.
Based on the above analysis, the three correct answers for examples of trade barriers are tariffs, embargoes, and quotas.