__________are nontax methods of increasing the cost or reducing the volume of imported goods.
A) Nontariff barriers
B) Grants
C) Tariffs
D) Subsidies

Question

Quizplus · Accepted Answer

Nontariff barriers are policies or regulations that restrict imports without imposing taxes or duties. They can include measures such as quotas, embargoes, and regulations on product standards or licensing requirements. These methods can effectively raise the cost of imported goods or limit the amount that can be imported, thus protecting domestic industries. Grants and subsidies, on the other hand, are typically used to support domestic production and do not directly affect import levels or costs. Tariffs are a type of tax on imports, so they are not nontax measures.

__________Are Nontax Methods of Increasing the Cost or Reducing the Volume