BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not an artificial barrier to international trade?
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Custom duties
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Embargoes
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Language and culture
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Quantitative limits
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Explanation:
Detailed explanation-1: -The Correct Answer is Option 3 i.e Export Security.
Detailed explanation-2: -There are three main types of barriers to international trade: tariffs, quotas, and other non-tariff barriers.
Detailed explanation-3: -What Are the Main Types of Trade Barriers? 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-4: -These four main types of trade barriers include subsidies, anti-dumping duties, regulatory barriers, and voluntary export restraints.
There is 1 question to complete.