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If a country's imposes a barrier on trade, the resultant effect will be  

Economics
WAEC 2025

If a country's imposes a barrier on trade, the resultant effect will be

 

  • A. a halt in buying and selling
  • B. an increase in the demand for locally produced goods
  • C. shutdown of infant industries
  • D. high quality goods from local industries
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Correct Answer: Option B
Explanation

Trade barriers, such as tariffs and quotas, make imported goods more expensive, which can increase demand for cheaper, locally
produced goods.

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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