During the post-world War II era?
Correct answer: C. NTBs have increased and tariffs have decreased in relative importance
- A. Nontariff barriers (NTBs) and tariffs have increased in relative importance
- B. NTBs and tariffs have decreased in relative importance
- C. NTBs have increased and tariffs have decreased in relative importance
- D. NTBs have decreased and tariffs have increased in relative importance
Explanation
Postwar tariff reductions made tariffs relatively less important, while non-tariff barriers such as quotas, standards, and licensing restrictions became relatively more prominent. Thus, NTBs increased as tariffs decreased in relative importance.
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