An artificial barrier to international trade is?

Assessment: JAMB UTME - Commerce - 2009 Subject: Commerce

Question 1 Report

An artificial barrier to international trade is?
Answer Details
An artificial barrier to international trade is any obstacle that is created by governments, organizations, or individuals to limit the flow of goods and services across borders. Custom duties are one such barrier that involves a tax on imported goods or services, making them more expensive than locally produced goods. This encourages consumers to buy locally produced goods, protecting domestic industries, but ultimately limiting competition and choice for consumers.
Read lesson note on Trade (WAEC)
Read lesson note on Commerce (JAMB)
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