Which government measure will allow a local business to gain access to overseas markets?YOUR ANSWERYour AnswerThe imposition of a tariff.The imposition of a tariff and/or a quota.The finalising of a free trade agreement.The imposition of a quota.

Which government measure increases the competition that a local business faces?YOUR ANSWERYour AnswerThe imposition of a quota.The finalising of a free trade agreement.The imposition of a tariff and/or a quota.The imposition of a tariff.

Tariff obstacles are the following, except; a. Legal Restriction b. Import And Export Quotas c. Exchange Controls d. Protectionism e. Import and Export Tariffs

This means free movement of goods, services, and factors of production (capital and labor) between member countries.There are no internal tariffs or quotas on trade among members.

How do quotas act as barriers to trade?A.They use government funds to lower the cost of domestic goods.B.They force imported goods to meet certain criteria.C.They set limits on the total amount of imported goods.D.They tax imported goods in order to increase their price.

A __________ limits the quantity of imported merchandise, thus minimizing competition faced by domestic products. tariff duty trading bloc trade agreement quota