Nontariff barriers reduce imports and limit the domestic production of goods that substitute for imports. T F Tarrification is the process whereby quotas, licenses, variable levies, and other...

Nontariff barriers reduce imports and limit the domestic production of goods that substitute for imports. T F

Tarrification is the process whereby quotas, licenses, variable levies, and other nontariff barriers to trade are converted to their tariff equivalents. T F