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The purpose of trade restriction is to protect some domestic industry from foreign competition.

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13y ago

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Which of these is not an axample of a trade restriction?

Foreign direct investment (FDI) is not an example of a trade restriction. FDI involves investing in a business in another country, rather than imposing restrictions on trading goods or services.


Why is a tariff considered a trade restriction?

The government uses tariffs (fees; a tax) to limit the number of imports that can enter a country.


What is restricted trade?

A trade restriction is a hold on goods traded from a country. In order to protect themselves, the receiving country will hold off on accepting the traded goods for, health, political, or economical reasons.


What is an example of trade restriction?

Tariffs and embargos are trade restrictions.


What is the type of PROTECTionist tradE Restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time?

Quota.


What type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time?

import quota


When a government places a total restriction on trade with a particular nation with the intention to pressure the targeted country to make political changes this is an example of a?

embargo.


What not example of a trade restriction?

An example of a trade restriction is a tariff, which imposes taxes on imported goods to protect domestic industries. In contrast, a trade agreement that promotes free trade and reduces barriers between countries is not a trade restriction. Other examples of trade restrictions include quotas and import licenses, while measures like lowering tariffs or eliminating quotas are aimed at facilitating trade.


What was the outcome of the Persian Gulf War for Iraq?

Severe economicsanctions were imposed on the country, such as an embargo(severe restriction on trade with other countries) on Iraqi oil.


What is a common trade restriction imposed by the government on agricultural products?

Tariffs are the most common type of trade restriction. Trade restrictions are used by the United States in order to ensure protection with domestic industries.


What is a restriction to regulate international commerce?

trade barrier


Which of the following laws placed a restriction on trade after European ships harassed US vessels?

The Embargo Act placed a restriction on trade after European ships harassed US vessels.