One of the reasons why government may erect a trade barrier is to

Economics

WAEC 2012

A. control foreign currencies
B. protect infant industries
C. promote importation
D. diverisify the economy

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Correct Answer: Option B

Explanation

Barriers to trade are often used as protection of infant and local industries. Their stated purpose is to shield or advance particular industries or segments of an economy. These barriers include tariffs

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One of the reasons why government may erect a trade barrier is to

Correct Answer: Option B

Explanation

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