Standards Are a Way to Establish Nontariff Barriers, and Examples

question 88

Multiple Choice

Standards are a way to establish nontariff barriers, and examples are:

• A) all of B, C, andD
• B) Japan's refusal to import light mayonnaise.
• C) Canada's categorization of orange juice with added calcium as a drug and subject to special requirements.
• D) B, C, and D are all examples of the application of standards as NTBs.
• E) two of B, C, and D.

---

Definitions:

Linear Demand

A market demand situation where a product's price and the quantity demanded have a linear relationship.

Curve

In economics, it typically refers to a graphical representation showing the relationship between two variables.

Cross Elasticity

The responsiveness of the demand for one good to a change in the price of another good.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression.