Explain briefly the tools that a country can use to restrict international trade? (5 marks)

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asked Jul 13, 2024 13.1k views

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Tony Arra · Answer 1 · 2024-07-20T05:52:37+0000

Governments three primary means to restrict trade: quota systems; tariffs; and subsidies. A quota system imposes restrictions on the specific number of goods imported into a country. Quota systems allow governments to control the quantity of imports to help protect domestic industries.

Explain briefly the tools that a country can use to restrict international trade? (5 marks)

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