3 years ago

Why do countries erect trade barriers that inhibit imports and exports

Social Studies

1 answer:

Basile [38]3 years ago

4 0

Answer:

To protect their local markets and keep a health balance of payments.

Explanation:

They inhibit imports as those require forex and may hurt their own country's production and markets. They inhibit exports at times to prevent shortages of goods they require such as wheat when there is a drought or increases local demand.

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