Home › Bihar Board Class 12 (Commerce) › Business Studies › International Business › Laws and practices protecting domestic products …
Laws and practices protecting domestic products from foreign competition are called what?
ATrade barriers
BExport incentives
CFree trade zones
DJoint ventures
Answer & Solution
Correct answer: A. Trade barriers
Trade barriers shield home-made products from competing foreign goods.
Related questions
Which is one of two macro factors driving globalization?Two firms pooling resources to form a separate jointly owned entity create what?What is the business practice of licensing a business model to another company?Compared with domestic trade, international trade is typically what?The exchange of capital, goods and services across borders is called what?What are documents called that do not comply with the terms of a letter of credit?Which payment tool gives an exporter a guarantee from a creditworthy bank?Mercantilists believed that accumulating what made a country wealthier?