Nontariff Trade Barriers Have Increased in Popularity Partly Because They

question 46

Multiple Choice

Nontariff trade barriers have increased in popularity partly because they ________.

• A) generate profits for foreign firms
• B) are easier to conceal from the WTO
• C) restrict trade by imposing direct tax
• D) have been fairly successful in eliminating smuggling along international borders

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Definitions:

Agreement

A mutual understanding or arrangement between two or more parties regarding their respective rights and responsibilities.

Exclusive Dealing Agreements

Contracts that restrict a party from buying, selling, or promoting the goods or services of anyone other than the specified party, often used to solidify business relationships and ensure loyalty.

Reciprocal Dealing Agreements

Contracts where two parties agree to provide similar benefits or conditions to each other, typically in business contexts.

Similar Motivation

pertains to having comparable drives or reasons behind actions or decisions.