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The government of a south american nation enforces tariffs and quotas to limit imported goods, while exports are subsidized. By using these instruments, the government seeks to achieve a surplus in the balance of trade. Based on this information, which approach is influencing the international trade efforts in this nation?.

Respuesta :

the approach which is influencing international trade efforts in this nation is mercantilism.

It is important to remember that we were told this nation enforced tariffs and quotas to limit imported goods, on the other hand, they chose to subsidize exports, thereby encouraging exports from within the country.

Mercantilism

This economic system is one often marked government's interference in international trade. For example, they try as much as possible to ensure that their home country has

  • the trade advantage
  • that exports exceeded imports

You can learn about mercantilism here  https://brainly.com/question/599745

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