Which of the following is an example of a non-tariff barrier?
- ATrade Agreement
- BImport duty
- CQuota
- DExport subsidy
Solution & Step-by-step Explanation
A quota is a non-tariff barrier (NTB) that restricts the physical quantity of a good that can be imported during a specific period. Import duties (tariffs) are taxes on imported goods, while quotas directly control volume. Other NTBs include technical standards, licensing, and embargos.