Question : Which of the following is not a type of trade restriction?
Option 1: Tariffs
Option 2: Quotas
Option 3: Embargoes
Option 4: Subsidies
Answer (1)
7th Jan, 2024
Correct Answer: Subsidies
Solution : The correct answer is (d) Subsidies
Subsidies are not a type of trade restriction. Instead, subsidies are a form of financial assistance provided by governments to domestic industries or producers to promote their competitiveness or support specific activities. Subsidies can have an impact on international trade by affecting the competitiveness of domestic products, but they are not a direct trade restriction measure.
Comments (0)
Related Questions
Trending Articles/News
