Question 9 of 10
How do standards act as barriers to trade?
A. They set limits on the total amount of imported goods.
B. They force imported goods to meet certain criteria.
C. They tax imported goods in order to increase their price.
D. They use government funds to lower the cost of domestic goods.
SUBMIT

Respuesta :

Answer:

A. They set limits on the total amount of imported goods.

Explanation:

Just took the test and it was this!!

Standards act as barriers to trade because they tax imported goods in order to increase their price. Thus, option (c) is correct.

What is trade?

The process of buying and selling commodities and services is referred to as “trade.”  Trade is a form of economic activity.

The tax on imported goods and services, which is an adverse effect of raising product prices, is the biggest obstacle to trade. As prices rise, there will be a shortage of goods.

Therefore, option (d) is correct.

Learn more about on trade, here:

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