economicsTrade barriers are used by the government for

Trade barriers are used by the government for


  1. A
    Increase or decrease foreign trade.
  2. B
    Type and extent of trade.
  3. C
    Increase government tax income
  4. D
    Both 1 & 2 

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    Solution:

    The government uses trade barriers to increase or decrease foreign trade and decide the type of trade and extent of trade the government wants. Developing countries put trade barriers to protect their domestic industry, especially those in the take-off stage. The government often creates trade barriers to decrease imports and reduce their dependency on other countries. Especially countries with financial crises put up trade barriers to maintain their foreign currency. Many developed countries also set trade barriers to stop unwanted exports from other countries.   
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