Question

Identify the true statement about trade barriers.Group of answer choicesThey lower the costs of exporting products to a country.They may put a firm at a competitive advantage to indigenous competitors.They may help a firm to serve a country from locations outside of that country.To conform to local content regulations, a firm may have to locate more production activities in a given market than it would otherwise.

Answer 1

Answer:

They may put a firm at a competitive advantage to indigenous competitors

Explanation:

• A trade barrier is a restriction on international trade of import and exports of the products are also called as tariff barriers on imported goods and they include quotas, embargoes, they discourage the free trade and keep the principle of the comparative advantage.

• The main arguments that they help protect the domestic companies, and industries, and the workers.