QUESTION 5 5. Quotas are non-tariff quantitative bariers to imports. They are nu

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QUESTION 5 5. Quotas are non-tariff quantitative bariers to imports. They are numerical limits place on specific classes of imports and are used for a country's protection True O False QUESTION 6 6. Duties are non-tariff barriers to trade where a monetary charge (usually a percentage of the invoice price) is added to certain products brought into a country True O False QUESTION 7 are monetary governmental assistance granted to individuals, groups or businesses which is used to keep prices lower due to the high cost of production It protects the consumer from paying full price for goods and gives groups and businesses advantages in the global markets. It can lead to complaints by other countries of unfair competition O a import tarffs b govenmental subsidies C import dutles d quotas e none of the above Click Save and Submit to save and submiit. Click Save All Answers to save all answers Save All Answers Close1

Explanation / Answer

Question:- quotas are non-tariff quantitative barriers to imports. They are nmerical liits place in specific casses of imports and are used for a country's protection

Answer:- True

Question:- duties are non-tariff barriers to trade where a monetary charge is added to certain products brought into a country

Answer:- False

Reason;- Non-tariff barriers are any restrictions which are apart form export or import duties.

Question7:- the correct answer is:- Government subsidies

Reason:- Subsidies are provided by the government to lower the prices fo commodities or to promote exports and imports.

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