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 methods of trade protection would not be welcomed by foreign firms if reduced?
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Administrative procedures
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Export restraints
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Quotas
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Tariffs
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Explanation:
Detailed explanation-1: -What Are Examples of Protectionism? Common examples of protectionism, or tools that are used to implement a policy of protectionism include tariffs, quotas, and subsidies. All of these tools are meant to promote domestic companies by making foreign goods more expensive or scarce.
Detailed explanation-2: -These four main types of trade barriers include subsidies, anti-dumping duties, regulatory barriers, and voluntary export restraints.
There is 1 question to complete.