The use of trade barriers to enforce standards abroad raises all of the following concerns except
A) the potential deadweight losses in consumption and production at home.
B) the potential for the use of trade barriers to erupt into a bigger trade war.
C) the difficulty of knowing whether some of the concerns are over standards or are veiled protectionism.
D) only small countries may be able to use trade barriers effectively.
Correct Answer:
Verified
Q19: Most regional trade and WTO agreements practice
A)the
Q20: All of the following are reasons countries
Q21: Describe the connections between rising income and
Q22: Mutual recognition is more efficient than other
Q23: Developing countries are usually unwilling to negotiate
Q25: Harmonization of standards
A)can make it less costly
Q26: Explain how harmonization of standards might increase
Q27: Race to the bottom refers to which
Q28: Lower income countries may have more difficulties
Q29: Suppose two nations are seeking to expand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents