please explain (a) two of the three types of trade barriers, homework help

Economics
Tutor: None Selected Time limit: 1 Day

please explain (a) two of the three types of trade barriers, (b) the reasons why countries sometimes establish trade barriers, and (c) the effects trade barriers sometimes have on the economy.

Jan 19th, 2016

Thank you for the opportunity to help you with your question!

Trade barriers can be broadly divided into the following two categories:
1. TARIFF BARRIERS are barriers that restrict import

2. NON TARIFF BARRIERS.  are trade barriers that restrict import

b. Countries often erect trade barriers in order to protect their own industries from cheap imports from abroad.

 c. Barriers to trade are usually bad as other countries usually retaliate by introducing their own barriers, resulting in a decline in world trade.


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Jan 19th, 2016

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Jan 19th, 2016
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Jan 19th, 2016
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