Which of the Following Is Not an Example of Regulatory

question 17

Multiple Choice

Which of the following is not an example of regulatory controls as a form of nontariff barrier?

• A) Country A conducts inspections of all imported luggage and baggage.
• B) Country B requires foreign firms to obtain licenses before constructing plants.
• C) Country C requires domestic producers of cosmetics to obtain government product registration.
• D) Country D offers tourists a separate exchange rate than what is offered to importers.

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Definitions:

Deadlines

Specific times or dates by which tasks must be completed or submissions must be made.

Behavioral Economics

A branch of economics that uses social and psychological factors in understanding decision making. It is particularly concerned with the limits of rationality in those decisions.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture.

Psychology

the scientific study of the human mind and its functions, especially those affecting behavior in a given context.