BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trade Barriers
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Sanctions
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Trade restrictions
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EU
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Detailed explanation-1: -The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
Detailed explanation-2: -The Correct Answer is Option 3 i.e Export Security.
Detailed explanation-3: -Terms of trade are defined as the ratio between the index of export prices and the index of import prices. If the export prices increase more than the import prices, a country has a positive terms of trade, as for the same amount of exports, it can purchase more imports.
Detailed explanation-4: -There are three main types of barriers to international trade that you should know: tariffs, quotas, and other non-tariff barriers.