Multiple Choice
An import-licensing requirement or import restrictions pertaining to the product quality and safety are examples of
A) protective tariffs.
B) nontariff barriers.
C) voluntary export restrictions.
D) quotas on imported products.
Correct Answer:

Verified
Correct Answer:
Verified
Q140: A high tariff on imported good X
Q141: Production of goods and services require different
Q142: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q143: If the United States government were to
Q144: A basic assumption in comparing the production
Q146: Which is more effective in blocking imports,
Q147: Which of the following arguments for trade
Q148: Other things equal, economists would prefer<br>A) free
Q149: (Last Word) Frederic Bastiat's satire clearly illustrates
Q150: State how the world economy can benefit