Question

Difference between tariff and non tariff barriers with example

Answer 1

Answer:

Tariff is a tax imposed on imported goods.EX: Tax imposed on automobiles that are imported.Non tariff barrier is quota which specifies the quantity of goods that can be imported.EX:the organization of petroleum exporting countries sets a production quota for crude oil to maintain the price of crude oil in world markets.

Explanation:

Answer 2

Tariff barriers

• it is refers to the tax imposed on by the import by the country to protect it democratic industries.

non tariff barriers

• it is refers to the restrictions rather than tax imposed on import by the country.