Question

what are the three trade barriers? what do they do?

Explanation:

Tariffs are taxes on imports, raising prices for consumers and protecting domestic industries. Quotas limit the quantity of goods that can be imported, restricting supply and influencing prices. Non - tariff barriers like regulations and standards make it difficult for foreign goods to enter a market by imposing strict requirements on product quality, safety, etc.

Answer:

1. Tariffs: Tax on imports to raise prices and protect domestic industries.
2. Quotas: Limit the quantity of imported goods, affecting supply and prices.
3. Non - tariff barriers: Regulations and standards that make it hard for foreign goods to enter a market.