Asked by Jacqueline Effler on Jun 17, 2024

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Which of the following cannot be considered a nontariff trade barrier?

A) Taxes on imports
B) Quotas
C) Domestic subsidies
D) Import licensing and product standards manipulated to favor domestic companies

Nontariff Trade Barrier

Restrictive regulations and policies other than tariffs that countries use to control the amount of trade across their borders, including quotas, embargoes, or standards.

Domestic Subsidies

Financial aid provided by a government to support a domestic industry or sector, reducing the cost of production or services for national companies.

Import Licensing

A government policy requiring businesses to obtain official permission before importing certain goods, often used to control the amount of goods entering a country.

  • Decipher the role and implications of assorted international negotiations and groups on the international trading system and labor benchmarks.
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Verified Answer

CE
Carina EdwardsJun 18, 2024
Final Answer :
A
Explanation :
Taxes on imports are considered tariff barriers, not nontariff barriers. Nontariff barriers include measures such as quotas, subsidies, and import licensing that do not involve taxing the imported goods but can restrict imports or protect domestic industries in other ways.