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Which of the following is described as the three R's of global business: rules, rate schedules, and regulations?

A) quotas
B) tariffs
C) NTBs
D) NTR
E) duties

User Trav
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Final answer:

The three R's of global business, rules, rate schedules, and regulations, are associated with nontariff barriers C) (NTBs), which include regulatory and procedural measures that restrict imports.

Step-by-step explanation:

The three R's of global business that are described as rules, rate schedules, and regulations refer to the concept of nontariff barriers (NTBs). NTBs include a variety of regulatory and procedural barriers that make it more difficult or costly to import products. These barriers can involve safety standards, inspections, paperwork, and 'rules-of-origin' regulations, among others. They serve to protect domestic industries without using tariffs or quotas but achieve a similar protective effect by raising the cost or difficulty of importing goods into a country.

User Mohammad Sadiq
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