Question

The restriction imposed on imports is known as _________.

• A. trade formality
• B. trade barriers
• C. trade control
• D. trade shortage

Answer 1

The correct option is B trade barriers

Tax on imports is an example of trade barrier. It is called a barrier because some restriction has been set up. 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.