What are three reasons countries restrict trade ?

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Answer 1

The three reasons for countries to rest trade are :

Domestic producers produce the same products as imported goods so that consumers still prioritize buying domestic products.Avoiding price reductions in the market that will harm domestic producers.Reducing pressure on the exchange rate and balancing the economy.

What are trade restrictions?

Trade restrictions are barriers created against trade in goods and services between two or more countries.

A cause a country does trade restrictions is to protect established domestic industries from foreign competition. If foreign goods and services easily enter the domestic market, it increases domestic competition. International economic policy is the overall action of the government of a country that aims to increase the rate of economic growth.

Learn more about the benefits of international trade here :
https://brainly.com/question/14926566

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Related Questions

How did European attitudes toward science change in the 1500s and 1600s?​

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Answer: In the mid-1500s, a profound shift in scientific thinking brought about the final break with Europe's medieval past. Called the Scientific Revolution, this movement pointed toward a future shaped by a new way of thinking about the physical universe.

Explanation:

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