Trade barriers such as tariffs, quotas, and embargoes are sometimes set up by countries to restrict trade because they want to produce their own goods and sell them in their own country. (1 point)
The given statement is false. Trade barriers such as tariffs, quotas, and embargoes are set up by countries to restrict trade, but not necessarily because they want to produce their own goods and sell them in their own country. The reasons for implementing such barriers vary and can include protecting domestic industries, controlling imports, maintaining national security, or addressing unfair trade practices. It is important to note that trade barriers can have both positive and negative impacts on a country's economy.
