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Discuss the restrictions nations place on international trade, the objectives of these restrictions, and their results. What are some current trade tariffs that make an attempt to correct these restrictions?
Weegy: Without international trade, [ nations would be limited to the goods and services produced within their own borders. International trade is in principle not different from domestic trade as the motivation and the behavior of parties involved in a trade do not change fundamentally regardless of whether trade is across a border or not. The main difference is that international trade is typically more costly than domestic trade. The reason is that a border typically imposes additional costs such as tariffs, time costs due to border delays and costs associated with country differences such as language, the legal system or culture. Read more: ] (More)
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