A nation with an elaborate bureaucracy controlling imports and exports is most likely a; A: developing nation pursuing self-sufficiency.
How does government protect domestic industries?
Governments usually have three primary ways they restrict trade in order to protect the economy of a developing nation to pursue self sufficiency. These 3 ways are; quota systems, tariffs and subsidies.
- A quota system is one used to impose restrictions on the specific number of goods imported into a country and so governments control the imports to aid in protection of domestic industries.
- Tariffs are defined as fees paid on imported goods and governments use it to discourage importation.
- Subsidies are grants that are given to domestic industries to help them develop and compete with foreign producers.
Read more on government protection of the economy at; https://brainly.com/question/13921660
