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7. ________________ are all the other ways that a nation can draw up rules, regulations, inspections, and paperwork to make it more costly or difficult to import products.

a. Import barriers

b. Nontariff barriers

c. Trade regulations

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Microeconomics
Skill
Understanding Protectionism
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Raushan Raj
Raushan RajLv8
3 Nov 2020

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Related questions

11. Consider the following statements with respect to the North American Free Trade Agreement (NAFTA). Which of these are true?

a. It was a trade deal between the United States, Mexico, and Canada.

b. It agreed to reduce tariffs, import quotas, and nontariff barriers to trade between the United States, Mexico, and Canada.

c. Both a and b are true. 

International trade is advantageous because trade makes it possible for people in each country to:
 
A) import and export
 
B) export more than they import
 
C) employ more of their domestic resources producing things that are costly for them to produce domestically
 
D) acquire goods from foreigners more economically than they could be produced domestically
 
E) do all of the above

Which of the following statements is true regarding the Omnibus Trade and Competitiveness Act of 1988?

It has led to the inclusion of a greater number of products on the export control list.

It is based on the realization that the U.S. must deal with trading partners based on how they want them to behave, and not on how these partners actually operate.

It covers two areas of U.S. trade: market relief and import expansion.

It has made it much more difficult to obtain export licenses.

It has established a basis for negotiations with India and Japan to remove or lower barriers to trade.

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