For what purpose can a government use trade barriers?

To increase foreign trade

No worries! We‘ve got your back. Try BYJU‘S free classes today!

To protect international companies

No worries! We‘ve got your back. Try BYJU‘S free classes today!

To decide what kind of good and how much of any commodity should come into the country.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

To increase production of wheat

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C To decide what kind of good and how much of any commodity should come into the country.
Governments can use trade barriers to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each, should come into the country.

Suggest Corrections

Similar questions

The composition of foreign trade of any country tells us about the nature of commodities that are exported and imported.
What can you state about the composition of India's foreign trade at the time of Independence?

Q. How does an increase in foreign trade benefit the country?

Q. Trade helps in building relations with other countries, exchange of goods and increase foreign exchange.

No country produces all types of goods in sufficient quantity at desirable cost of production. Therefore, every country is required to import some goods from other countries to speed up industrialisation, meeting consumer demand, for overcoming the impact of negative natural events for improving the living standard of people. The government has to regulate import trade to ensure proper use of foreign exchange, to protect the interest of local industries etc. Identify the values involved behind the purpose of imports.

Q. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?

Only 2, 3 and 4
Only 1, 3 and 4
Only 2 and 3
All of the Above

Join BYJU'S Learning Program

For what purpose can a government use trade barriers?

The correct option is C To decide what kind of good and how much of any commodity should come into the country.Governments can use trade barriers to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each, should come into the country.

The correct option is C To decide what kind of good and how much of any commodity should come into the country.
Governments can use trade barriers to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each, should come into the country.