Complete the following statement: Trade barriers can be used to protect domestic jobs. A restriction on imports will increase demand for    goods. This will increase the derived demand for    and increase employment.

From the following list, select all the options that apply to the use of trade barriers to protect domestic workers from cheap foreign labour?Multiple select question.According to this argument, blocking imports allows an industrialized country to protect domestic jobs.The argument is most often used to block imports from emerging economies such as China and India.The argument is most applicable when low-wage economies block imports from other low-wage economies.The argument does not take account that wages in various countries are reflect differing productivity levels in these countries.

Complete the following statement: A trade barrier can be used to prevent dumping. For example, a    will increase the price of imported goods so that foreign firms won’t be able to    domestic firms by charging a lower price.Submit

Complete the following statement: Trade barriers can be used to reduce    of goods which do not meet health and safety   .

Trade barriers can be beneficial to a country because they:A.prevent the country from becoming too reliant on foreign goods.B.increase the variety of consumer goods available in the country.C.lower the overall cost of producing goods within the country.D.make businesses in the country more efficient at producing goods.

An argument in favour of imposing higher trade barriers is that they may*1 pointdiscourage foreign trade investmentresult in greater customer choiceencourage more importsprotect important or new industries