Which of the following are barriers to trade?

Import quotas

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

Export subsidy

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

High price of crude oil

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

Import duties

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

Open in App

Solution

The correct options are
A
Import quotas

C
High price of crude oil

D
Import duties

Quotas are quantitative restrictions; import duties increase the cost of imports, and the high price of crude oil increases transport costs for trade.

Suggest Corrections

Similar questions

Q23. Which of the following is are non-tariff barriers in international trade

1. Labour laws & environmental laws

2. Anti-dumping laws

3. Custom duties

4. Import Quotas

Choose the correct answer

5 %

Join BYJU'S Learning Program