Norvada Is a Small Nation That Has Followed Protectionist Policies

question 142

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

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Definitions:

Associate Resource Groups

Employee-led groups formed within organizations that focus on shared characteristics or experiences, such as gender, ethnicity, or interests, aiming to foster a diverse and inclusive workplace.

Customers Insights Team

A group within an organization focused on analyzing customer data and feedback to drive business strategy and innovation.

Fault Lines

Hypothetical divisions within a group or team, based on demographic, cultural, or organizational differences, that can lead to conflict.

Bad Apples Effect

Refers to the impact that individuals who exhibit undesirable behaviors can have on their peers or the overall environment, often resulting in a negative group dynamic or culture.