An import-licensing requirement or import restrictions pertaining to the product quality and safety are examples of

Question

Quizplus · Accepted Answer

Import-licensing requirements and import restrictions based on product quality and safety are examples of nontariff barriers, which are measures other than tariffs that restrict imports. Protective tariffs (A) are taxes on imported goods, quotas (D) limit the amount of goods that can be imported, and voluntary export restrictions (C) are agreements between countries limiting the amount of goods one country can export to another.

An Import-Licensing Requirement or Import Restrictions Pertaining to the Product