Mutual recognition of standards refers to
A) the elimination of tariffs and quotas by trading partners.
B) common product safety, environment, labor, and fair competition standards agreed upon by trading partners.
C) the acceptance of a trading partner's standards as valid and sufficient by another trading partner.
D) separate standards held by different trading partners which other partners refuse to recognize.
Correct Answer:
Verified
Q4: All of the following are responsible for
Q5: Requiring a firm with international operations to
Q6: Health and safety standards are generally similar
Q7: Which of the following is a true
Q8: Greater specialization within a country
A)increases risks to
Q10: Which of the following is FALSE?
A)Most of
Q11: Monopoly powers given to domestic utility companies
Q12: Domestic policies can have unintended effects on
Q13: Harmonization of standards refers to
A)the elimination of
Q14: Which of the following is true?
A)Generally, the
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