Which of the following is correct regarding the barriers to international trade?
A) Research clearly demonstrates that differences in culture are the most important barrier.
B) The two general categories where barriers exist are in command and market economies.
C) An embargo is an extreme form of a tariff.
D) Local content laws apply only to situations across international borders.
E) When Google agreed to pay $500 million to settle a case with the U.S. government over advertising revenue earned from Canadian online pharmacies, this was an example of business practice laws being violated.

Question

Quizplus · Accepted Answer

Local content laws, embargoes, tariffs, and the distinction between command and market economies are all relevant to international trade barriers, but none of these options are described accurately in the choices provided. However, the case of Google agreeing to pay $500 million to settle a case with the U.S. government over advertising revenue earned from Canadian online pharmacies is an example of business practice laws being violated, which can be a barrier to international trade. This demonstrates how legal and regulatory frameworks can impact international business operations.

Which of the Following Is Correct Regarding the Barriers to International