Import quotas are type of non-tariff trade barrier

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Reference no: EM132219381

True/False

1. Globalization in trade is usually accelerated by global expansion of international businesses and increased regionalization of nation-states, such as upon the creation of NAFTA and the European Union.

2. Private individuals may use the International Court of Justice to settle commercial disputes.

3. Under U.S. law, ratified treaties are not binding on state and local governments.

4. An Export Trading Company (ETC) is a type of Export Management Company (EMC) that mainly operates in less-developed and least-developed countries.

5. As between hard and soft national currencies, soft currencies can always be easily exchanged for national currencies of all other countries.

6. Some countries block the repatriation of profits earned or invested in their host countries.

7. Import quotas are a type of non-tariff trade barrier.

8. The threat of foreign governments nationalizing and expropriating a foreign company’s assets has been an increasingly dominant trend over the past few decades.

9. Customs brokers mainly act as the seller’s or exporter’s consulting agent.

10. Non-tariff barriers do not significantly influence a business firm’s foreign trade and investment decision-making.

Reference no: EM132219381

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