________ place limits on the quantity of a product being imported.
A)Embargoes
B)Trade blocs
C)Nontariff barriers
D)Anti-dumping duties

Question

Quizplus · Accepted Answer

Nontariff barriers refer to any measures other than tariffs that are used by countries to restrict imports. This includes import quotas, licensing requirements, and other administrative regulations that limit the quantity of a product being imported. Embargoes are a complete ban on trade with a particular country, while trade blocs refer to groups of countries that form economic partnerships to facilitate trade among themselves. Anti-dumping duties are taxes imposed on imports that are priced below fair market value to protect domestic businesses from unfair competition.

________ Place Limits on the Quantity of a Product Being