Why does a country restrict her international trade?

Explanation

A country may impose restriction on trade for the following reasons:

(i) To raise revenue.

(ii) To protect infant industries.

(iii) To maintain high level of employment.

(iv) To prevent the country from becoming a dumping ground.

(v) Restriction may serve as a retaliatory measure.

(vi) To prevent the importation of harmful goods.

(vii) To correct a deficit in the balance of payment.

(viii) To promote self - sufficiency