Trade Regulations And Industrial Policies
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- Subject
- Trade Regulations And Industrial Policieseconomics-mcqs › trade-regulations-and-industrial-policies
- Published
- 27 May 2019
- Last updated
- 28 May 2026
What trend occurred regarding nontariff barriers (NTBs) and tariffs in the period following World War II?
Multiple choice question for Trade Regulations And Industrial Policies. Select an option, then review the explanation below.
Explanation
After World War II, the use of nontariff barriers (NTBs) increased in prominence, while tariffs declined in their relative importance as tools of trade regulation.
More Trade Regulations And Industrial Policies MCQs
Practice related questions from the same subject.
- 1.Which theory proposes that governments can help local firms earn economic profits by competing against foreign rivals?
- 2.What is the primary impact of the most favored nation (MFN) clause in international trade?
- 3.What is the effect of implementing antidumping tariffs on imported goods?
- 4.Which statement accurately describes the situation regarding dumping?
- 5.Which type of protection, including measures like the escape clause, offers temporary relief to local industries challenged by fairly traded imports?