Which of the following refers to an often-used form of nontariff trade barrier?
A)premium
B)subsidy
C)quota
D)grant

Question

Quizplus · Accepted Answer

A quota is an often-used form of nontariff trade barrier that limits the amount or value of goods that can be imported/exported within a specific time frame. This is used to protect domestic industries from foreign competition. Premium, subsidy, and grant are not forms of nontariff trade barriers.

Which of the Following Refers to an Often-Used Form of Nontariff