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Read the statements marked as Assertion (A) and Reason (R): Assertion (A): Regional trade agreements often include safeguard measures. Reason (R): Such measures allow temporary restrictions to protect domestic industries.
- Both A and R are true, and R is the correct explanation of A.
- Both A and R are true, but R is not the correct explanation of A.
- A is true, but R is false.
- A is false, but R is true.
Correct answer: Both A and R are true, and R is the correct explanation of A.
Solution
Regional trade agreements commonly contain safeguard clauses to deal with sudden import surges or market disruptions. The reason correctly explains the assertion because these measures are meant to temporarily protect domestic industries.
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