Asked by Charley Stinespring on May 07, 2024

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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.

Import-Licensing Requirement

Regulations requiring a company or individual to obtain permission, often through a specific license, before importing goods into a country, used by governments to control the volume and types of goods entering the market.

Nontariff Barriers

All barriers other than protective tariffs that nations erect to impede international trade, including import quotas, licensing requirements, unreasonable product-quality standards, unnecessary bureaucratic detail in customs procedures, and so on.

Import Restrictions

Government-imposed controls or limitations on the quantity or value of goods that can be imported into a country, often to protect domestic industries.

  • Recognize and categorize different forms of trade barriers and their implications.
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Zybrea KnightMay 08, 2024
Final Answer :
B
Explanation :
Import-licensing requirements and import restrictions pertaining to product quality and safety fall under the category of nontariff barriers, which are measures that countries use to restrict imports without imposing tariffs. These barriers can include a wide range of policies, such as regulations, licensing requirements, product standards, and other technical barriers that make it more difficult or expensive for foreign businesses to sell their goods in domestic markets.