ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Brazil decides to place a tax on imports from Venezuela. This is an example of the following trade barrier:
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Tariff
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Embargo
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Quota
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NAFTA
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Explanation:
Detailed explanation-1: -The correct answer is Trade Barrier. Tax on import is an example of a Trade Barrier. Trade barriers are restrictions induced by the government on international trade. The barriers can take many forms, including the following: Tariffs, Import quotas, Import licenses, etc.
Detailed explanation-2: -U.S. companies also cite high tariffs, an uncertain customs system, high and unpredictable tax burdens, and an overburdened legal system as major hurdles to doing business in Brazil.
Detailed explanation-3: -Tax on imports is an example of Trade Barrier.
Detailed explanation-4: -Specific tariffs. Ad valorem tariffs. Licenses. Import quotas. Voluntary export restraints. Local content requirements.
There is 1 question to complete.