Which of these is not an example of Non-Tariff barriers?Select one:a.Quotasb.Standardsc.Dutiesd.Duties
Question
Which of these is not an example of Non-Tariff barriers?Select one:a.Quotasb.Standardsc.Dutiesd.Duties
Solution
The correct answer is c. Duties. Duties are a type of tariff, not a non-tariff barrier. Non-tariff barriers to trade include things like quotas, import licensing systems, sanitary regulations, prohibitions, etc. Duties, on the other hand, are a cost that is placed on imported goods. This cost is often based on the value of the goods (ad valorem duty), but it can also be based on the weight,
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