GCEEconomicsInternational Trade2022

Which of the following is NOT a non-tariff barrier to international trade?

AImport quotas
BForeign exchange controls
CImport dutiesCORRECT
DEmbargoes
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Import duties (tariffs) are tariff barriers, not non-tariff barriers. Non-tariff barriers are trade restrictions other than customs duties and include import quotas (which limit the quantity of imports), foreign exchange controls (which restrict the ability to pay for imports), and embargoes (which completely ban trade with specific countries). Option C is therefore the correct answer as the exception.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →

Practice more Economics questions

GCE Economics has thousands more questions like this — with Worked answers on every one.