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प्रश्न
Give two examples of trade barriers.
लघु उत्तरीय
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उत्तर
The two examples of trade barriers are as follows:
- Tariffs (import duties) are the taxes on imported goods that make foreign products more expensive, protecting domestic producers.
- Import quotas (quantitative restrictions) are limits on the quantity of a good that can be imported, reducing foreign competition.
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