BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INTERNATIONAL MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All of the following are terms used to describe limitations on trade except?
A
Trade Barriers
B
Sanctions
C
Trade restrictions
D
EU
Explanation: 

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.

There is 1 question to complete.