what are the three trade barriers? what do they do?

Brief Explanations:

The three main trade - barriers are tariffs, quotas, and non - tariff barriers. Tariffs are taxes on imported goods, increasing their price and making domestic products more competitive. Quotas limit the quantity of a good that can be imported, protecting domestic industries from over - competition. Non - tariff barriers include regulations, standards, and licensing requirements that can make it difficult for foreign goods to enter a market.

Answer:

1. Tariffs: Taxes on imported goods to make domestic products more competitive by increasing the price of imports.
2. Quotas: Limit the quantity of imported goods to protect domestic industries.
3. Non - tariff barriers: Regulations, standards, and licensing requirements that impede foreign goods from entering a market.