An import-licensing requirement, or import restrictions pertaining to the product quality and safety, are examples of:

Question

Quizplus · Accepted Answer

Import-licensing requirements and import restrictions on product quality and safety are examples of nontariff barriers. These are non-tax measures that restrict imports, such as import quotas, import licenses, and technical regulations, and are typically used to protect domestic industries or enforce product safety standards. Protective tariffs are a type of tax on imports, voluntary export restraints are agreements between countries to limit exports to a specific destination, and quotas on imported products are limits on the quantity of goods that may be imported.

An Import-Licensing Requirement, or Import Restrictions Pertaining to the Product