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Which best describes why countries establish limits on international trade? Choose three answers. A. to force domestic industries to sell higher quality goods
B. to restrict foreign influence in a sector
C. to restrict importation of a foreign good
D. to lower the price of foreign goods
E. to punish other countries
The best answers are B, C, and E.
B. to restrict foreign influence in a sector: Countries may want to protect their local industries and prevent foreign companies from dominating certain sectors.
C. to restrict importation of a foreign good: Establishing limits on trade helps control the amount of foreign goods entering the country, protecting domestic markets.
E. to punish other countries: Countries may impose trade limits as a form of economic sanctions to respond to certain actions or policies of other nations.
These limits aim to support local economies, maintain competitive markets, and address geopolitical issues. If you have more questions or need further help, feel free to ask!