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Single Answer MCQ
Q-00015772

Why might governments impose trade barriers in a globalised economy?

1

To encourage international cooperation

2

To protect local industries from foreign competition

3

To enhance the flow of goods

4

To facilitate technology transfer

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. To protect local industries from foreign competition

Solution:

Governments may impose trade barriers to protect domestic industries from foreign competition that may be perceived as threatening.

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