Which of the following government policies creates an environment of restrictive standards intended to make it difficult for foreign firms to successfully sell their products?
A)Monetary tariffs
B)Countertrade policies
C)Nontariff barriers
D)Export constraint policies

Question

Quizplus · Accepted Answer

Nontariff barriers are government policies that create restrictive standards to make it difficult for foreign firms to sell their products. These may include regulations, product standards, and other requirements that are designed to protect domestic industries from competition. Monetary tariffs are taxes on imported goods, countertrade policies are agreements between governments to trade goods or services without using currency, and export constraint policies limit the amount of goods that can be exported from a country.

Which of the Following Government Policies Creates an Environment of Restrictive