Liberalised Trade Policies to Promote Globalisation
Which of the ...
Question
Which of the following purposes do trade barriers serve?
A
Restrict domestic investment
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B
Restrict internationl trade
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C
Restrict participation of workers in management
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D
Restrict government intervention in businesses
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Solution
The correct option is B Restrict internationl trade Trade barriers are the trade policies designed to restrict international trade with other countries. Countries use various tools like taxation to restrict trade as a part of trade barriers.