Author Question: Standards as barriers to trade are frequently used as barriers to: a. imports c. exports b. barter ... (Read 144 times)

kaid0807 · **on:** Jun 29, 2018

Standards as barriers to trade are frequently used as barriers to:
a. imports c. exports
b. barter d. all of the above

Question 2

How do regulators decide on whether or not a company is guilty of dumping activity?
a. The value of the product is based on production costs plus reasonable expenses.
b. The price is checked against the price charged within the exporting country.
c. The price is checked against similar products in a third country.
d. Any of the above methods may be used.

ambernicolefink · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

A
Standards as barriers to trade are frequently used as barriers to imports, primarily imposed by highly industrialized countries. Standards that discriminate against foreign firms in particular, or that simply create more bureaucratic hurdles for importing firms, act as nontariff barriers to trade. This may be found in the Nontariff Barriers section (3-2b).

Answer to Question 2

D
Dumping is involved if a product is sold at a price below its normal value, where normal value could be based on production costs plus reasonable expenses and profit, or on the comparable price in the exporting country for an identical or like product. If there is no comparable price for the product in the exporting country, reference is made to the price at which the exporter sells a similar product in a third country.