Norvada Is a Small Nation That Has Followed Protectionist Policies

question 54

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 can be exported to Norvada.
• D) Participation in the Uruguay Round of GATT negotiations.

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Definitions:

Physical Trauma

Injury or damage to the body caused by external force, which can be categorized as blunt or penetrating.

Environmental Information

Data or insights related to the natural environment, including aspects such as climate, pollution, and biodiversity.

Sensory Memory

A very brief retention of sensory information like sights, sounds, and other stimuli, lasting only a few seconds.

Implicit Memory

Memory that is suggested (implied) but not plainly expressed, as illustrated in the things that people do but do not state clearly.