1) Which of the following best describes tariff and non-tariff barriers?
A. Tariff is a tax on imports and exports whereas non-tariff is free entry of goods.
B. Tariff is a general restriction on imports and exports whereas non-tariff is a tax on listed goods and services.
C. Tariff is a tax on imports and exports whereas non-tariff is a form of non-tax restrictions on trade.
D. Tariff is for country‟s internal trade whereas non-tariff is for international trade.
Answer:C
1) Which of the following best describes tariff and non-tariff barriers?
A. Tariff is a tax on imports and exports whereas non-tariff is free entry of goods. B. Tariff is a general restriction on imports and exports whereas non-tariff is a tax on listed goods and services. C. Tariff is a tax on imports and exports whereas non-tariff is a form of non-tax restrictions on trade. D. Tariff is for country‟s internal trade whereas non-tariff is for international trade.