Walmart's decision to suspend its planned expansion into India's huge but fragmented retail market due to obstacles put in place by the host nation to protect its mom-and-pop retailers is an example of ________.
A) tariffs
B) excise duties
C) quotas
D) nontariff trade barriers
E) exchange controls

Question

Quizplus · Accepted Answer

The obstacles put in place by India to protect its small retailers are considered nontariff trade barriers, which are any measures other than tariffs that can be used to restrict trade between countries. In this case, the host country's regulations have impeded Walmart's planned expansion into the Indian market.

Walmart's Decision to Suspend Its Planned Expansion into India's Huge