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Tariffs, quotas and embargoes are examples of

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Economics WAEC 2023

Tariffs, quotas and embargoes are examples of

  • trade restriction policies checkmark
  • monetary policies
  • fiscal policies
  • foreign exchange policies

The correct answer is: A

Explanation

Trade restriction policies are government interventions that are designed to restrict the flow of goods and services between countries. They can be used to protect domestic industries from foreign competition, to raise revenue for the government, or to achieve other policy objectives.

Tariffs are taxes that are imposed on imported goods. Quotas are limits on the quantity of goods that can be imported. Embargoes are bans on the import or export of certain goods.

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