Which of the Following Statements Regarding Technical Barriers to Trade

question 13

Multiple Choice

Which of the following statements regarding technical barriers to trade is false?

• A) Despite decades of work by the European Union, thousands of new national standards have arisen.
• B) Japan and the United States have had a long history of disputes over Japanese technical barriers to trade.
• C) Most standard setting in the European Union takes place through the European Committee for Standardization.
• D) Japanese technical regulations and standards are readily available to importers and exporters.
• E) All of these are true.

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Definitions:

Middlemen

Intermediaries in the distribution process that facilitate transactions between producers and consumers by handling logistics, marketing, or sales.

Transactions Costs

The expenses incurred when buying or selling goods and services, which may include search, bargaining, maintaining trade standards, and enforcement costs.

Economic Output

The total value of all goods and services produced within an economy over a specific period of time.

Transaction Costs

Expenses incurred when buying or selling goods and services, which may include search, bargaining, and enforcement costs.