Question

The Brazilian Customs Service has found toxic lead-based paint in toys imported from a Chinese toy-making company. These toys are intended for sale in Brazil. Exposure to the paint over a long period of time could be fatal to children under six years of age. What type of trade barrier would guarantee that NO child in Brazil would be exposed to the deadly lead-based paint

Answer 1

Answer:

Regulatory barriers

Explanation:

There are 4 basic types of trade barriers that can be used by countries to regulate trade:

1. voluntary export restraints
2. regulatory barriers: legal barriers that are meant to restrict imports, like health related safety regulations and standards, e.g. toys that contain lead based paint cannot be imported. Also include technical issues, like requiring cars certain minimum gas mileage, etc.
3. anti-dumping duties
4. subsidies
5. tariffs
6. quotas