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Identify which type of nontariff trade barrier is used in each scenario in the following table. New Zealand permits 700,000 kilograms of milk to be
Identify which type of nontariff trade barrier is used in each scenario in the following table. New Zealand permits 700,000 kilograms of milk to be imported each year. New Zealand permits 700,000 kilograms of milk to be imported each year400,000 kilograms must come from Lithuania, and 300,000 kilograms must come from Argentina. Argentina voluntarily reduces textile exports to Lithuania. New Zealand and Argentina agree that New Zealand produces 76% of its iGadgets in Argentina and is allowed to export iGadgets to Argentina tariff-free. The U.S. producers of oil, an import-competing good, receive $100 million from the U.S. government for their production of 200,000 barrels of oil. The United States charges a tariff of 3.2 per liter for the first 5.7 million liters of milk and a tariff of 88.5 per liter of milk in excess of that threshold. The U.S. government makes a payment to domestic farmers of $1 on each bushel of pears that is exported
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