_____ are defined as nontax methods of increasing the cost or reducing the volume of imported goods.
A) Nontariff barriers
B) Grants
C) Nonresident barriers
D) Quorums

Question

Quizplus · Accepted Answer

Nontariff barriers are a type of trade barrier that uses methods other than tariffs to restrict imports, such as quotas, regulations, and other tactics that increase the cost or decrease the volume of imported goods. Grants are a form of financial assistance, nonresident barriers are not a recognized term in international trade, and quorums are related to voting procedures and not trade barriers.

_____ Are Defined as Nontax Methods of Increasing the Cost