Governments Can Use Nontariff Barriers to Give Local Industries a Competitive

question 51

True/False

Governments can use nontariff barriers to give local industries a competitive advantage.

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Definitions:

Conflict

Disagreement or discord resulting from opposing actions, views, or interests between parties.

Consideration

In contract law, the benefit, interest, or value that must be exchanged between parties engaging in a contract.

Modification

An alteration or amendment to an existing contract or agreement without changing its fundamental essence.

Rescission

the legal act of voiding a contract and returning all parties to their pre-contractual states.