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Why are the trade barriers imposed on the foreign trade and investment in a country?

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NCERT Important Questions for Class 10 Social Science Economics Chapter 4
Social Science Class 10 Economics
Globalisation and the Indian Economy 4
Important Questions
Long Questions

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1 Answer

  1. Trade barriers are used by the government:

    1.To increase, decrease or regulate foreign trade.

    2.To decide what kinds of goods and how much of each, should come into the country.

    3.To protect the producers within the country from foreign competition.

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