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Barrier or liberalisation

Exercise and reference answers

Upper category
Barrier
Lower category
Liberal
Items
  1. Category
    Barrier
    Item
    Import tax
  2. Category
    Barrier
    Item
    Quota
  3. Category
    Barrier
    Item
    Licence
  4. Category
    Barrier
    Item
    Protect
  5. Category
    Liberal
    Item
    Free trade
  6. Category
    Liberal
    Item
    Open FDI
  7. Category
    Liberal
    Item
    SEZ
  8. Category
    Liberal
    Item
    WTO rules
Instructions
Send each policy to the trade barrier track or the liberalisation track.

Explanation

_Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._
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