Asked by Hunain Nadeem on May 04, 2024

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Common arguments often raised to justify trade barriers include the following, except

A) the need to protect foreign producers.
B) the need for protecting against dumping.
C) the need for military self-sufficiency.
D) to diversify for stability.

Trade Barriers

Policies or regulations imposed by governments to limit the free exchange of goods and services across countries, including tariffs and quotas.

Dumping

The practice of selling goods in a foreign market at a price below their production cost or domestic price, often to gain market share or eliminate competition.

Military Self-Sufficiency

The capability of a country to fulfill its military needs without relying on imports from other countries.

  • Examine the impact of tariffs, quotas, and additional trade restrictions on both local and global markets.
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CW
Caylan WhelanMay 09, 2024
Final Answer :
A
Explanation :
The primary purpose of trade barriers is to protect domestic industries and economies, not foreign producers. Options B, C, and D are common justifications for implementing trade barriers, such as tariffs and quotas, to protect domestic industries from unfair foreign competition, ensure military self-sufficiency, and diversify the economy for stability.