Why would countries be willing to place barriers on trade? Explain two factors that might encourage a country to place quotas and tariffs on imported goods.

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Answer:

These industries may lose employees or hurt the country's economy. By restricting imports, a country would encourage its own industries to thrive while limiting the ability of foreign industries to grow in their place.

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Answer:

Responses will vary. A sample response follows: Countries might create quotas, tariffs, and other trade barriers to protect their own industries. A country may realize that an important industry is struggling because foreign competitors can produce goods more cheaply for import. These industries may lose employees or hurt the country’s economy. By restricting imports, a country would be encouraging its own industries to thrive while limiting the ability of foreign industries to grow in their place.

Explanation:

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