Trade Regulations And Industrial Policies

Trade Regulations And Industrial Policies

A. Nontariff barriers (NTBs) and tariffs have increased in relative importance
B. NTBs and tariffs have decreased in relative importance
C. NTBs have increased and tariffs have decreased in relative importance
D. NTBs have decreased and tariffs have increased in relative importance

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A. are prohibited by the World Trade Organization
B. affect international trade but not international financial flows
C. involve restrictions on imports, but not exports
D. involve restrictions in imports exports and or financial flows

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A. have tariff rates equal to zero suggesting a free trade policy for the United States
B. have lower tariff rates than the rates that apply to any other country sending goods to the United States
C. have tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment
D. have lower tariff rates than the rates that apply to other countries to which the U.S grants most favored nation treatment

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