After the U.S. government had approved the feeding of hormones to U.S. beef cattle, several western European nations restricted the import of beef from the U.S. Which of the following tools of commercial policy had been put to use in this situation?

a. Tariff
b. Quota
c. Health and safety standards
d. Subsidy
e. Government procurement

c

Economics

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What is net marginal revenue?

A) The same as marginal profit. B) The additional revenue the firm earns from an extra unit of an internally produced intermediate input. C) The additional revenue the firm earns from producing one more unit of output. D) The additional revenue the firm earns from selling one more unit of output.

Economics

Refer to the information provided in Table 25.3 below to answer the question(s) that follow.Table 25.3Refer to Table 25.3. Total loans of People's Bank equal

A. $100,000. B. $400,000. C. $500,000. D. $800,000.

Economics