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One of the barriers to foreign trade is

Commerce
WAEC 2023

One of the barriers to foreign trade is

  • A. imposition of embargo
  • B. removal of tarrif
  • C. trade liberalization
  • D. memorandum of understanding
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Correct Answer: Option A
Explanation

Flexible customs regulations and tariff limit the extent of foreign trade i.e imposition of tariff - quotas, exchange rates control.

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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group