A _____ is a nontax method of increasing the cost or reducing the volume of imported goods.
A)tariff
B)nontariff barrier
C)trade roadblock
D)riskaversive boycott
E)subsidy quota

Question

A _____ is a nontax method of increasing the cost or reducing the volume of imported goods.
A)tariff
B)nontariff barrier
C)trade roadblock
D)risk­aversive boycott
E)subsidy quota

Quizplus · Accepted Answer

A nontariff barrier refers to any measure other than a tariff that is designed to restrict trade between nations. These measures can include quotas, embargoes, licensing requirements, and product standards.

A _____ Is a Nontax Method of Increasing the Cost