why do nations use trade barriers? check all that apply. they protect an industry from foreign competition…
why do nations use trade barriers? check all that apply. they protect an industry from foreign competition. they increase commerce in developing regions. they place sanctions on trade with another nation. they aid nations facing war or political transitions. they reduce the price of imported products.
Answer
Brief Explanations:
Trade barriers like tariffs, quotas etc. are used to shield domestic industries from foreign competition. They can also be used as a form of economic - based sanctions against another nation. They don't increase commerce in developing regions as they limit free - trade. They don't aid nations in war or political transitions and usually increase, not reduce, the price of imported products.
Answer:
They protect an industry from foreign competition. They place sanctions on trade with another nation.