Foreign Firms Often Claim That Product and Testing Standards Discriminate

question 56

Essay

Foreign firms often claim that product and testing standards discriminate against their products. What are three examples of barriers that could be discriminatory against foreign products? How do countries protect their domestic firms from unfair trade practices?

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Definitions:

Occupational Safety And Health Administration

A federal agency of the United States that regulates workplace safety and health to prevent work-related injuries, illnesses, and deaths.

Nominal Wages

Wages that are not adjusted for inflation, representing the amount of money paid to an employee by an employer in the form of cash.