Norvada Is a Small Nation That Has Followed Protectionist Policies

question 142

Multiple Choice

Norvada is a small nation that has followed protectionist policies for many years.Which of the following would be an example of a nontariff barrier established by Norvada?

• A)Establishment of a tax levied on imported goods so that foreign products are more expensive than competing domestic goods.
• B)Establishment of a tax levied on imported goods designed primarily to raise money for the government.
• C)Establishment of restrictive quality standards requiring foreign firms to make expensive modifications to their products before they could be exported to Norvada.
• D)Participation in the Uruguay Round of GATT negotiations.

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Definitions:

Petiole

The stalk that attaches a leaf blade to the plant stem, allowing for flexibility and the transport of nutrients and water.

Monocots

A group of flowering plants (angiosperms) characterized by having a single embryonic leaf, or cotyledon, in their seeds.

Eudicots

A major grouping of flowering plants characterized by having two seed leaves, or cotyledons, upon germination.

Pfr

Phytochrome Far-red form, a light-absorbing form of the phytochrome plant photoreceptor, significant in regulating plant development in response to light.