Which of the following trade barriers is established to protect the health and safety of citizens?
A) Tariffs
B) Quotas
C) Government import standards
D) Voluntary export restraints

Question

Quizplus · Accepted Answer

Government import standards are established to regulate the quality, safety, and health aspects of imported products to protect citizens. These standards may include restrictions on the use of certain chemicals, labeling requirements, and inspections of goods before importation. Tariffs and quotas are primarily established to protect domestic industries from international competition, while voluntary export restraints are agreements between two countries to limit the quantity of exports to protect domestic industries.

Which of the Following Trade Barriers Is Established to Protect