pucedog346Lv1
5 Dec 2021
Problem 38
Page 831
Section: CRITICAL THINKING QUESTIONS
Chapter 34: Globalization and Protectionism
Textbook ExpertVerified Tutor
5 Dec 2021
Introduction
Trade Barriers:
Trade barriers are government-imposed impediments or restrictions on international trade. Barriers to trade stifle free trade. Government-imposed restrictions on international trade are known as trade barriers. Economists generally agree that trade barriers are inefficient and reduce overall economic efficiency; the principle of comparative advantage explains this.
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