Hasalot is a small nation that has followed protectionist policies for many years. Which of the following would be an example of a nontariff barrier established by Hasalot?
A) Establishment of a tax levied on imported goods so that foreign products are more expensive than competing domestic goods.
B) Establishment of a tax levied on imported goods designed primarily to raise money for the government.
C) Establishment of restrictive quality standards requiring foreign firms to make expensive modifications to their products before they can be exported to Hasalot.
D) Participation in the Uruguay Round of GATT negotiations.

Question

Quizplus · Accepted Answer

A common nontariff barrier is the establishment of special requirements that foreign producers must meet before they can sell their products in a protectionist country.

Hasalot Is a Small Nation That Has Followed Protectionist Policies