One of the barriers to foreign trade is
COMMERCE
WAEC 2023
One of the barriers to foreign trade is
- A. imposition of embargo
- B. removal of tarrif
- C. trade liberalization
- D. memorandum of understanding
Correct Answer: A. imposition of embargo
Explanation
Flexible customs regulations and tariff limit the extent of foreign trade i.e imposition of tariff - quotas, exchange rates control.
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