What disadvantages may a country experience from imposing trade restrictions on trading partners?

      

Give the disadvantages that a country may experience from imposing trade restrictions on trading partners.

  

Answers


Maurice
(i) Danger of need for perpetual protection.

(ii) Possible emergence of monopolies.

(iii) Possible retaliation by other countries.

(iv) Production of low quality commodities.

(v) High prices of locally produced goods.

(vi) Less consumer choice.
maurice.mutuku answered the question on August 11, 2017 at 07:21


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