Question 16(1 point)
Which is an example of a nontariff barrier (NTB)?
Question 16 options:
An export subsidy.
An excise tax on the dollar value of imported goods.
An excise tax on the physical volume of imported goods.
Box-by-box inspection requirements for imported fruit.
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Question 17(1 point)
The Group of Eight (G8) nations which periodically have jointly intervened to influence the value of the dollar include:
Question 17 options:
Canada, United States, Mexico, Brazil, Argentina, Peru, Uruguay, and Chile.
Italy, France, Great Britain, Germany, Netherlands, Norway, Russia, and Sweden.
Canada, United States, France, Great Britain, Russia, Mexico, Germany, and Brazil.
Canada, United States, France, Japan, Italy, Germany, Russia, and Great Britain.
Question 18(1 point)
Which of the following statements about the European Union (EU) is true?
Question 18 options:
The EU has abolished most trade barriers among participating countries, and has common tariffs applied to non-EU goods.
All members of the EU use a common currency (the euro).
The EU has eliminated most barriers to the trade of goods and services among participating nations but largely restricts the movement of labor and capital.
Trade within the EU is liberalized, but EU nations set most of their own policies with regard to trade with non-EU nations.
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