In the context of NTBs,_____ are bureaucratic rules that make it harder to import foreign goods.
A) VERs
B) administrative policies
C) local content requirements
D) deregulation policies

Question

In the context of NTBs,_____ are bureaucratic rules that make it harder to import foreign goods.
A) VERs 
B) administrative policies 
C) local content requirements 
D) deregulation policies

Quizplus · Accepted Answer

Administrative policies are bureaucratic rules imposed by government agencies that make it harder to import foreign goods. These policies may include import licensing requirements, customs procedures, technical regulations, and other non-tariff barriers that impede trade. VERs (Voluntary Export Restraints) are agreements between countries to limit the amount of goods exported to a particular country, while local content requirements and deregulation policies are not related to bureaucratic rules that make it harder to import foreign goods.

In the Context of NTBs,_____ Are Bureaucratic Rules That Make