Which of the Following Is Not a Nontariff Barrier

question 55

Multiple Choice

Which of the following is not a nontariff barrier?

• A) government subsidies
• B) import quotas
• C) complex custom procedures
• D) an import or export duty or tax placed on goods as they move in or out of a country

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Definitions:

Fiscal Policy

Governmental adjustment of its spending levels and tax rates to monitor and influence a nation's economy.

Monetary Policy

Monetary policy involves the management of a nation's money supply and interest rates by its central bank to influence economic activity, inflation, and unemployment.

Effectiveness Lag

The delay between the time a policy or action is implemented and when its effects are observed and felt in the economy or targeted area.

Recognition Lag

The delay between the time when an economic problem or trend is identified and the time when it is officially recognized.