Nontariff barriers lower prices of both imports and import-competing goods.

Name: Nontariff barriers lower prices of both imports and import-competing goods.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

Nontariff barriers include all measures, other than traditional tariffs, that are used to distort international trade flows; they raise prices of both imports and import-competing goods and favor domestic over foreign supply sources by causing importers to charge higher prices and to restrict import volumes.

Nontariff Barriers Lower Prices of Both Imports and Import-Competing Goods