Question

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)

Responses

True
True

False
False

Answer 1

[AI-generated answer — Bot GPT 3.5]

False

Answer 2

[AI-generated answer — Step-by-Step Bot]

False

Answer 3

[AI-generated answer — Explain Bot]

The correct response is: True.

Trade barriers such as tariffs, quotas, and embargoes are indeed set up by countries to restrict trade. These barriers are implemented to protect domestic industries and promote the production and consumption of goods within the country. Tariffs are taxes imposed on imported goods, quotas limit the quantity of specific goods that can be imported, and embargoes completely prohibit trade with specific countries.