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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What reasons are generally given for imposing trade restrictions?

Summary Introduction

To determine: The reasons generally given for imposing trade restrictions.

Introduction: Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Explanation

The reasons generally given for imposing trade restrictions are as follows:

  • To guard countrywide protection
  • To guard new or powerless enterprises

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