Restrictions that make it difficult to sell foreign goods in local markets are examples of:

Question

Quizplus · Accepted Answer

Nontariff regulatory barriers refer to restrictions that prevent or limit the entry of foreign goods into local markets, and they can take various forms such as licensing requirements, product standards, and regulations that affect the distribution and marketing of goods. These barriers make it difficult for foreign companies to compete with local businesses and can result in higher prices for consumers.

Restrictions That Make It Difficult to Sell Foreign Goods in Local