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Which of the following is an example of a non-tariff trade barrier?
  • a)
    Import quota
  • b)
    Export subsidy
  • c)
    Free trade agreement
  • d)
    Currency exchange rate
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is an example of a non-tariff trade barrier?a)I...
An import quota is a non-tariff trade barrier that limits the quantity or value of specific goods that a country can import within a given period. It aims to restrict foreign competition and protect domestic industries.
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Which of the following is an example of a non-tariff trade barrier?a)Import quotab)Export subsidyc)Free trade agreementd)Currency exchange rateCorrect answer is option 'A'. Can you explain this answer?
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