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If a government raises tariffs on imported steel, this is an example of
Aliberalisation
Bexport incentive
Csubsidy to consumers
Dprotectionism using trade barriers
Answer & Solution
Correct answer: D. protectionism using trade barriers
1. Higher import tariffs raise the price of imports, sheltering domestic producers.
2. This is protectionism via trade barriers.
3. It is the opposite of liberalisation.
_Source: NCERT Class 10 Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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