Complete the following statement: Trade barriers are a type of expenditure-switching policy because they increase the    of a good which causes an extension in domestic    and a contraction in domestic    thereby decreasing the number of   .

Complete the following statement: Trade barriers can be used to protect domestic jobs. A restriction on imports will increase demand for    goods. This will increase the derived demand for    and increase employment.

Complete the following statement: A trade barrier can be used to prevent dumping. For example, a    will increase the price of imported goods so that foreign firms won’t be able to    domestic firms by charging a lower price.Submit

Complete the following statement: Trade barriers can be used to reduce    of goods which do not meet health and safety   .

An argument in favour of imposing higher trade barriers is that they may

Creating barriers to trade can lead to which problem?A.Other countries will retaliate by creating their own barriers to trade.B.The country will become overly reliant on foreign countries.C.Domestic businesses will face more competition from foreign companies.D.Consumers will be more likely to buy luxury goods in foreign markets.