economicsA ____ is any restriction placed on the free movement of commerce.

A ____ is any restriction placed on the free movement of commerce.


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    Solution:

    A Trade barrier is any restriction placed on the free movement of commerce.
    Tariff barriers are the imposition of regular, negotiated trade tariffs in compliance with GATT Article II. Non-tariff barriers are any barriers to trade that are not tariff barriers. The government has imposed these limitations to control international trade. After gaining independence, the Indian government erected barriers to foreign investment and trade to shield domestic producers from international rivalry. Import taxes are one type of trade barrier. Government can decide what types of goods should enter the country by using trade barriers to either up or down foreign trade.
     
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