Which of the following exemplify trade barriers?
A)Tariffs.
B)Local content requirements.
C) Restrictions on certain entry modes.
D) All of the above

Question

Quizplus · Accepted Answer

Tariffs are taxes on imported goods which increase their price and make them less competitive in the domestic market. Local content requirements mandate that a certain percentage of products or components must be produced domestically, limiting imports. Restrictions on certain entry modes such as quotas and licensing requirements also limit free trade and commerce. Therefore, all of the above options exemplify trade barriers.

Which of the Following Exemplify Trade Barriers