Answered

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Which of the following is an example of a trading relationship that protects local products from foreign competition?

A. Trade barriers
B. Free trade
C. Fair trade
D. Unfair trade

Sagot :

GinnyAnswer

Final answer:

Trade barriers are tools used to protect local products from foreign competition through measures like tariffs.


Explanation:

Trade barriers are an example of a trading relationship that protects local products from foreign competition. These barriers include tariffs, import quotas, and non-tariff barriers like subsidies. Tariffs, for instance, are taxes placed on imports to make them more expensive, thus encouraging the purchase of domestic products.


Learn more about Trade barriers here:

https://brainly.com/question/29767688


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