Question 8 of 15 How do trade barriers affect the African economy today? O A. They allow Africa to sell goods at a higher profit
. OB. They cause Africa to export more goods. C. They result in Africa relying too heavily on subsidies. D. They force Africa to lower the prices on its goods.
D. They force Africa to lower the prices on its goods.
Explanation:
Trade barriers refers to the restrictions on the international trade and commerce that is induced by the government of a country. Trade barriers have a bad effect on the economy of a country. It is detrimental as considered by economist.
Countries like that of Africa who imposed a trade barrier on the international trade suffers a lot on economic efficiency of the country. These countries depends on the exports for funding their economy. Trade barriers in Africa forced the businesses to sell their goods at a lower price that affects the economy greatly.
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