Which of the following describe technical barrier to trade? Select all that apply. Government controls imposed on the flow of capital into or out of the country Two prospective trading partners being very distant from one another ☐ Trading partners struggling to made trade deals because of the inability to communicate seamlessly and effectively ☐ Imposition by a country of a numerical limit on how much sugar can be imported under a low tariff ☐ Agricultural subsidies provided by the U.S. government to corn farmers Two countries agreeing to eliminate all tariffs on goods traded between them

Which of the following describe technical barrier to trade? Select all that apply. Government controls imposed on the flow of capital into or out of the country Two prospective trading partners being very distant from one another ☐ Trading partners struggling to made trade deals because of the inability to communicate seamlessly and effectively ☐ Imposition by a country of a numerical limit on how much sugar can be imported under a low tariff ☐ Agricultural subsidies provided by the U.S. government to corn farmers Two countries agreeing to eliminate all tariffs on goods traded between them

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Protective Tariffs

A tariff is a kind of tax that is charged on exported and imported items. It means tariff is charged on both kinds of goods i.e., exported and imported. However, some goods may be exempted from this kind of tariff. Protective Tariffs refer to the charges which a country charged on imported goods to protect its domestic market. It also protects countries Industrialists in their Production. So, that their markets remain intact and do not get dumped by outside supply.

Question

Which of the following describe technical
barrier to trade? Select all that apply.
Government controls imposed on the flow of
capital into or out of the country
☐ Two prospective trading partners being very
distant from one another
O Trading partners struggling to made trade deals
because of the inability to communicate
seamlessly and effectively
☐ Imposition by a country of a numerical limit on
how much sugar can be imported under a low
tariff
☐ Agricultural subsidies provided by the U.S.
government to corn farmers
Two countries agreeing to eliminate all tariffs on
goods traded between them

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