Some governments initiate restrictive standards that detail exactly how a product must be sold in a country. Trade experts call these restrictions
A) monetary tariffs.
B) countertrade policies.
C) nontariff barriers.
D) export constraint policies.

Question

Quizplus · Accepted Answer

Restrictive standards that detail how a product must be sold in a country are known as nontariff barriers. Monetary tariffs refer to taxes on imports and exports, countertrade policies involve the exchange of goods and services instead of currency, and export constraint policies limit the quantity or type of goods that can be exported from a country.

Some Governments Initiate Restrictive Standards That Detail Exactly How a Product