ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tariff
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Embargo
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Quota
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Standard
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Subsidy
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Detailed explanation-1: -The EPA, or Environmental Protection Agency, is the government entity that gives fuel efficiency ratings to all commercially available light-duty cars and trucks in the US. The EPA also lists the official range of all EVs so you know how far a car can go on a full charge.
Detailed explanation-2: -In order to be lawfully manufactured or imported for sale in the U.S., a motor vehicle must comply with all applicable FMVSS issued by NHTSA. It is possible for a right-hand drive (RHD) vehicle to be manufactured in compliance with the FMVSS.
Detailed explanation-3: -This stated that any car that is 25 years or older is legal to import to the US without having to meet the United States vehicle regulations. This also meant that any car that was 24 years or younger was illegal to import to the United States.
Detailed explanation-4: -1990 BMW M3 Sport Evolution III. 1993 Jaguar XJ220-S. 1993 Lamborghini Strosek Diablo. 1996-2001 Lotus Elise S1 and the 2000 340R. 2002 Morgan Le Mans ‘62 Prototype. 1999 Nissan Skyline R34 GT-R V-spec. 18-Jul-2022