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A nation with an elaborate bureaucracy controlling imports and exports is most likely a

A.
developing nation pursuing self-sufficiency.

B.
developed nation promoting free trade.

C.
developed nation promoting fair trade.

D.
developing nation promoting free trade.

E.
developing nation abandoning manufacturing


Sagot :

A nation with an elaborate bureaucracy controlling imports and exports is most likely a; A: developing nation pursuing self-sufficiency.

How does government protect domestic industries?

Governments usually have three primary ways they restrict trade in order to protect the economy of a developing nation to pursue self sufficiency. These 3 ways are; quota systems, tariffs and subsidies.

  • A quota system is one used to impose restrictions on the specific number of goods imported into a country and so governments control the  imports to aid in protection of domestic industries.

  • Tariffs are defined as fees paid on imported goods and governments use it to discourage importation.

  • Subsidies are grants that are given to domestic industries to help them develop and compete with foreign producers.

Read more on government protection of the economy at; https://brainly.com/question/13921660