Increase in Trade barriers will 1 Increase Import 2 Protects domestic production 3 Promotes Ea...........

Economic Affairs NCERT

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Increase in Trade barriers will

1. Increase Import

2. Protects domestic production

3. Promotes Ease of doing business

Select the correct answer using the code given below

1,2 and 3 only

2 only

1 and 3 only

2 and 3 only

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Explanation:

· Tax on imports is an example of trade barriers. It is called a barrier because some restrictions have been set up. Governments can use trade barriers to increase or decrease foreign trade, to decide what kind of goods and how much of goods, should come into the country.
· Increase in trade barriers will decrease import, ease of doing business ranking and it will give security to domestic players.