10
QuizMultiple Choice

Trade Barriers

Question 10 • GA-GSE Personal Finance and Economics

Which best describes how standards help domestic producers?

Answer
A
Standards require goods to meet basic requirements.
B
Standards provide financial support for producers.
C
Standards restrict the import of cheap goods.
D
Standards offer incentives to ensure high quality.

Explanation

Standards set basic requirements that goods must meet, such as safety or quality rules. This helps domestic producers by ensuring products compete under common requirements; standards do not directly provide financial support or incentives. The best choice is “Standards require goods to meet basic requirements.”

AI-written and checked against the verified answer.