Question

Japan limits the amount of foreign-grown rice that can be sold in that country by imposing a very high import tax. This protects high-cost domestic rice producers because it forces rice importers to raise prices, making imported rice less competitive against rice grown in Japan. This type of trade barrier is called:________

Answer 1

Answer:

Tariff barrier.

Explanation:

tariff– a levy on imported goods. Tariffs increases the price of imported goods compared to domestic goods (good manufactured at home).... It leads to lower domestic prices. Both tariffs and subsidization increase the cost of foreign products compared to domestically manufactured products, that in turn decreases importation.

Answer 2

Answer:

Tariff

Explanation:

A Tariff is otherwise known as an import duties, it is the taxes imposed on goods that come from other countries into a particular country.  Tariff is imposed for so many reasons one of which is to protect local industries of the country i.e enabling local industries in the country to have profitability in their business and eliminating competitions from foreign organisation.

By imposing tariff, the rate of goods imported into a country will be reduced and this will encourage local production of goods and discourage importation.