Outline four reasons why the government may impose trade restrictions on her trading activities.
Answer:
-To prevent inflow of harmful goods into the country
-To be able to correct balance of payment s deficit
-To allow growth of infant industries
-To prevent dumping of undesirable low-quality goods into the country
-To promote self-reliance
-To protect cultural and social values
-To create job opportunities for local people
- to protect local industries