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CIPS L3M3 Exam - Topic 4 Question 44 Discussion

Actual exam question for CIPS's L3M3 exam
Question #: 44
Topic #: 4
[All L3M3 Questions]

Which of the following are barriers to trade?

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Suggested Answer: D, C, B, A, E

All of those shown are barriers to trade.

Quotas place a numerical limit on what may be imported; embargoes ban certain goods (for exam-ple, no goods originating in Israel may be imported); duties discourage imports; subsidies of local industries undercut foreign competitors (have a search for stories on large airlines being subsidised in various countries, commonly for reasons of prestige); complex customs procedures make import-ing foreign goods difficult (great examples involving France); exchange controls limit the amount of a currency which can be converted into another currency, limiting payment possibilities for imports. Etc.

Of course, most countries using any of these mechanisms repeatedly eulogise on the benefits of free trade....


by Emilio at Jan 27, 2026, 06:06 AM

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Isabelle
1 day ago
Wait, isn't free trade the real barrier? Just kidding, this is an easy one.
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Marilynn
6 days ago
Haha, the answer is obviously all of the above! Protectionism is the name of the game.
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Magdalene
12 days ago
I think import restrictions and domestic content requirements are also barriers to trade.
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Coral
17 days ago
Tariffs, quotas, and subsidies are definitely barriers to trade.
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Lucy
22 days ago
I think we had a similar question on our last quiz, and I remember that trade barriers can be both economic and political. But I’m a bit confused about how to categorize them all.
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Enola
27 days ago
I feel like there are also political barriers, like embargoes. We discussed those in relation to specific countries, but I can't recall the details.
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Cathrine
2 months ago
I remember practicing a question about non-tariff barriers, like regulations and standards. Those can really complicate trade, right?
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Peter
2 months ago
I think tariffs and quotas are definitely barriers to trade, but I'm not sure about subsidies. Did we cover that in class?
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Annette
2 months ago
No problem, I've got this. Tariffs, quotas, embargoes, sanctions - those are the main trade barriers that come to mind. I'll make sure to explain each one clearly.
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Dahlia
2 months ago
Ugh, I'm drawing a blank on this one. I know there are a lot of potential barriers, but I'm not sure I can name them all. I'll just try to get down as many as I can remember.
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Lynda
2 months ago
Okay, let me think this through step-by-step. Barriers could include things like transportation costs, regulations, cultural differences... I'll make sure to cover a range of possibilities.
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Merlyn
3 months ago
Hmm, this seems like a broad question. I'll need to think about the different types of barriers - political, economic, geographic, etc.
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Dallas
3 months ago
I think I know the main barriers to trade, like tariffs and quotas. I'll try to list those out first.
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