Which of these Non Tariff Barriers does not have Price Impact?Select one:a.Quality Controlb.Subsidiesc.Aids And Loansd.Aids And Loans
Question
Which of these Non Tariff Barriers does not have Price Impact?
Select one:
- a. Quality Control
- b. Subsidies
- c. Aids And Loans
- d. Aids And Loans
Solution
To determine which of the listed Non-Tariff Barriers (NTBs) does not have a price impact, let’s analyze each option briefly.
-
Quality Control: This typically involves standards that products must meet before entering a market. While it can affect costs for compliance, it doesn’t directly alter pricing structures in a uniform manner across the board.
-
Subsidies: These directly impact prices by lowering the effective cost of production for certain goods, allowing producers to sell at lower prices.
-
Aids and Loans: These can contribute to lowering costs for businesses but might not directly result in a price impact across the entire market.
Upon examination, Quality Control is generally regarded as a non-tariff barrier that does not typically have a direct price impact, as it focuses on specifications rather than financial or market prices.
Final Answer
a. Quality Control does not have a price impact.
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