Which statements about the types of trade barriers are true?
A) Subsidies are government funds given to business to lower its cost.
B) Levees are a tax on imports and exports, making them more expensive.
C) Quotas set limits on imports and exports, driving up product prices.
D) Bans prohibit the import or export of products.
E) All countries welcome free trade and place few restrictions on business activity.

Question

Quizplus · Accepted Answer

Subsidies are indeed government funds given to businesses to lower costs. Quotas limit the amount of imports or exports, affecting prices. Bans prohibit certain imports or exports. Levees are not related to trade barriers, and not all countries welcome free trade.

Which Statements About the Types of Trade Barriers Are True