alleryA tax on imports is an example of a:
ATrade barrier
BTrade bargain
CTrade balance
DTrade banner
Answer & Solution
Correct answer: A. Trade barrier
1. It makes imported goods cost more.
2. Imports then fall.
3. It is a trade barrier.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 4 'Globalisation and the Indian Economy'_
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