Problem
1. In the past two decades, nontariff trade barriers have gained in importance as protectionist devices. What are the major nontariff trade barriers?
2. How does the revenue effect of an import quota differ from that of a tariff?
3. What are the major forms of subsidies that governments grant to domestic producers?
4. What is meant by voluntary export restraints, and how do they differ from other protective barriers?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.