Foreign businesses in India appear to receive unusually close scrutiny and special regulations, aimed at protecting the local businesses. This is an example of a(n) ________.
A) nontariff trade barrier
B) tariff
C) boycott
D) exchange control
E) quota

Question

Quizplus · Accepted Answer

Nontariff trade barriers are government regulations, policies, or procedures that can be used to restrict trade between countries. In the case of India, there are various regulations in place to protect local businesses from foreign competition, making it difficult for foreign businesses to establish operations in the country.

Foreign Businesses in India Appear to Receive Unusually Close Scrutiny