Which of the following is not a method of trade restriction?
Answer Details
The method of trade restriction that is not included in the list is "Stock exchange". A stock exchange is a marketplace where shares of publicly traded companies are bought and sold, and it is not a method of trade restriction.
On the other hand, trade restriction methods are policies or regulations that governments put in place to limit the flow of goods and services across borders. The four methods of trade restriction listed are:
1. Exchange control: This refers to policies put in place by governments to regulate the flow of foreign currency into and out of a country. It can involve limiting the amount of foreign currency that can be purchased or sold, or setting exchange rates for foreign currencies.
2. Import license: This is a permit that is required by some governments before goods can be imported into a country. The import license can be used to control the amount of goods that enter the country and to regulate the quality of the imported goods.
3. Embargo: This is a complete ban on the import or export of certain goods to or from a specific country. Embargoes are usually imposed for political reasons or as a means of exerting economic pressure on a country.
4. Quota: This is a limit on the amount of a particular product that can be imported into a country over a specific period of time. Quotas can be used to protect domestic industries from foreign competition, to regulate the quality of the imported goods, or to achieve other policy objectives.