When France wanted to reduce video cassette recorder (VCR)imports,it established elaborate procedures for importers to obtain customs clearances on shipments of VCRs and required importers to obtain special licenses to import these products.This is an example of a(n)________.
A) export subsidy
B) embargo
C) import quota
D) tariff
E) restrictive import standard

Question

Quizplus · Accepted Answer

E) Actions such as requiring special licenses for doing certain kinds of business and then making it difficult or expensive for foreign companies to obtain such licenses refer to imposing restrictive import standards.

When France Wanted to Reduce Video Cassette Recorder (VCR)imports,it Established