Introduction to Economics 2 Deneme Sınavı Sorusu #349980
Which one of the following is not true about restrictive trade instruments?
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They are examined into two groups: Tariffs and non-tariff restrictions.
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Tariff is a tax or a duty levied on the traded commodity as it crosses a national boundary.
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Non-tariff restriction a barrier resulting from a prohibition, condition or a specific market requirement that makes importation or exportation of a commodity costly or difficult.
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Tariff restrictions can be classified into three different categories. |
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A tariff on imported commodities make them more expensive for domestic consumers. |
Non-tariff restrictions can be classified into three different categories: (1) Non-tariff restrictions imposed on imports: Import quotas, import licenses, import bans, customs procedures, administrative fees and duties. This category of non-tariff restrictions are the at-the border restrictions. (2) Non-tariff restrictions imposed on exports: Export subsidies, voluntary export restraints, export bans, export quotas. This category of non-tariff restrictions are the at-the border restrictions. (3) Non-tariff restrictions imposed in the national economy: Health standards, sanitary and phyto-sanitary standards, environmental standards, labor standards, product standards, production subsidies, internal charges, etc. This category of non-tariff restrictions are the behind-the border restrictions.
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