Countries first imposed trade taxes and quantitative restrictions during which period?
AThe Roman Empire days
BThe Silk Route era
CThe Industrial Revolution
DThe two World Wars
Answer & Solution
Correct answer: D. The two World Wars
1. World Wars I and II brought trade taxes.
2. Quotas appeared for the first time.
3. GATT later helped free trade.
_Source: syllabus Geography, Fundamentals of Human Geography, Chapter 9, International Trade._
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