ECONOMICS
BARRIERS TO TRADE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a cash grant or loan from the government to support the business.
|
|
|
a tax on imports.
|
|
|
an official ban on trade.
|
|
|
a requirement that promotes safety on all products.
|
Detailed explanation-1: -Safety standards are standards designed to ensure the safety of products, activities and processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory.
Detailed explanation-2: -Product safety regulations set product safety standards that suppliers of certain products must comply with. They are intended to help prevent and reduce the chance of accidents and injuries from using any of these products.
Detailed explanation-3: -The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure children.
Detailed explanation-4: -The Environmental, Health, and Safety (EHS) Guidelines are technical reference documents with general and industry-specific examples of Good International Industry Practice (GIIP), as defined in IFC’s Performance Standard 3: Resource Efficiency and Pollution Prevention.