Nontariff barriers are:
A. maximum limits on the quantity or total value of specific products imported to a nation.
B. excise taxes or duties placed on imported products.
C. licensing requirements, unreasonable quality standards, and the like designed to impede
imports.
D. government payments to domestic producers to reduce the world prices of exported goods.
C. licensing requirements, unreasonable quality standards, and the like designed to impede
imports.
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In the above figure, if the market is competitive and unregulated, the price will be
A) $20 per unit. B) $15 per unit. C) $10 per unit. D) $5 per unit.
In the market for loanable funds the price of the funds exchanged is
A) the price of bonds. B) the volume of bonds purchased. C) the volume of bonds sold. D) the interest rate.