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What are the 4 types of trade barriers quizlet?

QUOTAS: limits on the amount of a product. ... .
TARIFFS: a fee charged for goods brought into a country from another country..
VOLUNTARY EXPORT RESTRAINT (VER): limiting an export..
EMBARGOES: a law that cuts off most or all trade with a specific country, used for political purposes..

Which of the following is a barrier to trade quizlet?

There are 3 major types: Tariffs, Quotas, Embargoes (they "hinder" global trade).

What is a trade barrier quizlet?

Trade Barrier. Anything that slows down or prevents one country from exchanging goods with another, Tariff, quota, embargo. Exchange rate. The price of one nation's currency in terms of another nation's currency.

Which of the following is an example of a nontariff trade barrier group of answer choices?

Industrialized countries use non-tariff barriers to protect local industries against foreign competition. Common examples of non-tariff barriers include licenses, quotas, embargoes, foreign exchange restrictions, and import deposits.