An Import-Licensing Requirement or Import Restrictions Pertaining to the Product

question 145

Multiple Choice

An import-licensing requirement or import restrictions pertaining to the product quality and safety are examples of

• A) protective tariffs.
• B) nontariff barriers.
• C) voluntary export restrictions.
• D) quotas on imported products.

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Definitions:

Simple Delivery Contract

An agreement where the delivery of goods or services is straightforward, without complex conditions or requirements.

Insurable Interest

A requirement in insurance policies that the policyholder must stand to suffer a financial loss or detriment if the insured event occurs, legitimizing the policy's existence.

Simple Delivery Contract

A contract that involves the transfer of goods from the seller to the buyer through direct delivery.

Identified to the Contract

Refers to goods that have been designated as the subject matter of a sales or service contract.