Imposing some sort of cost on trade that raises the price of the traded products is MOST LIKELY an example of
Responses
A a trade barrier.a trade barrier.
B a trade surplus.a trade surplus.
C a trade deficit.a trade deficit.
D a trade incentive.
A a trade barrier.
The correct answer is A) a trade barrier.
To determine the correct answer, we need to understand the concept of trade barriers and their impact on prices of traded products.
Trade barriers are government-imposed restrictions or regulations that make it more difficult or expensive for goods and services to be imported or exported between countries. They are implemented to protect domestic industries and can take various forms, such as tariffs (import taxes), quotas (limits on the quantity of imported goods), or trade embargoes (complete bans on trade with certain countries).
When a trade barrier is imposed, it introduces additional costs or obstacles to the trading process. These costs can include import taxes, extra fees, or compliance requirements, among others. As a result, the price of the traded products tends to increase because the additional costs need to be covered.
In this case, the imposition of some sort of cost on trade that raises the price of the traded products is most likely an example of a trade barrier. By increasing the cost of imported goods, trade barriers discourage their consumption or make domestic products more competitive, thereby protecting domestic industries.