mallorypowell21 mallorypowell21
  • 25-03-2020
  • Social Studies
contestada

Why do countries erect trade barriers that inhibit imports and exports

Respuesta :

pakista565
pakista565 pakista565
  • 25-03-2020

Answer:

To protect their local markets and keep a health balance of payments.

Explanation:

They inhibit imports as those require forex and may hurt their own country's production and markets. They inhibit exports at times to prevent shortages of goods they require such as wheat when there is a drought or increases local demand.

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