Which of the following barriers are imposed by the EU to equalize the price of imported agricultural products and agricultural prices set by the EU?
A)orderly market agreements
B)export quotas
C)variable import levies
D)import quotas

Question

Quizplus · Accepted Answer

Variable import levies are used by the EU to equalize the price of imported agricultural products and agricultural prices set by the EU. The EU imposes tariffs on imported agricultural goods, and these tariffs vary depending on the difference between the world price of the product and the EU reference price. The higher the difference between the two prices, the higher the tariff imposed. This serves to equalize prices and protect EU farmers from competition from cheaper imported products. Orderly market agreements are agreements between the EU and other countries that aim to regulate trade in agricultural products. Export quotas restrict the amount of a particular product that can be exported from a country to the EU. Import quotas limit the amount of a particular product that can be imported into the EU.

Which of the Following Barriers Are Imposed by the EU