Which trade instrument has the European Union used to insulate its producers and consumers of agricultural goods from the impact of changing demand and supply conditions in the rest of the world?
A) Domestic content regulations
B) Variable import levies
C) Voluntary export quotas
D) Orderly marketing agreements

Question

Quizplus · Accepted Answer

Variable import levies have been used by the European Union to insulate its producers and consumers of agricultural goods from the impact of changing demand and supply conditions in the rest of the world. These levies vary according to the difference between the world price and the EU price, and help to maintain a stable market for EU agricultural products.

Which Trade Instrument Has the European Union Used to Insulate