Answer:
Why do Countries Use Restrictions on Trade? What are the Reasons?
Countries use restrictions on trade for a variety of reasons, such as protecting domestic industries, promoting national security, and addressing environmental concerns.
Types of Trade Restrictions: What are They?
There are several types of trade restrictions, including tariffs (taxes on imported goods), quotas (limits on the quantity of goods that can be imported), embargoes (prohibitions on trade with certain countries), and subsidies (financial assistance given to domestic industries to make them more competitive). Other types of trade restrictions include regulations and licensing requirements.