What are nontariff barriers? How do nontariff barriers restrict international trade?
What will be an ideal response?
A nontariff barrier is a nontax measure imposed by a government to favor domestic over foreign suppliers. Nontariff barriers create obstacles to the marketing of foreign goods with a nation and serve to increase costs for exporters, thus making goods more expensive. Nontariff barriers include import quotas, embargos, foreign exchange controls, currency devaluation, and cultural barriers.
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Relational job design focuses on what additional component in the design of jobs?
A. Those who are affected by the employee’s job. B. The relationship between the departments within the organization. C. The process of determining specific job outcomes in relationship to overall goals. D. The specific tasks inherent in the job. E. The components of the job itself.
An innocent party can rescind a fraudulent contract and be restored to his or her original position
Indicate whether the statement is true or false
Anna obtains a business liability insurance policy for her Brew & Bagels Coffee Shop from ChoiceFirst Insurance Company. When an event occurs that gives rise to a claim, each party has a duty to
a. cooperate in an investigation to determine the facts. b. file a suit against the other so that a court can settle the claim. c. find a third party on whom to impose liability. d. pay any outstanding premium or refund any unearned amount.
In the sale of a partnership interest, a selling partner will recognize ordinary income (rather than capital gain) when the partnership assets include cash and land held for five years as an investment.
Answer the following statement true (T) or false (F)