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ibus part 2Exam questions and answers Graded A+| 2026 Updated

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ibus part 2Exam questions and answers Graded A+| 2026 Updated 6 Instruments of Trade Policy Tariffs, subsidies, import quotas/voluntary export restraints, local content requirements, admin policies, anti dumping policies Tariff rate quota Lower tariff applied when imports are within the quota, but higher when over quota Voluntary Export Restraints Voluntary imposed limits on what is exported (although its rarely voluntary and can come from presure) Local content requirements A certain percent of all certain types of goods must be produced locally, i.e. US and defense 51% Admin policies Rules that make importing difficult

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