Country X bans use of genetically modified organisms (GMOs), and Country Y's corn is produced with GMOS. Therefore, Country Y taxes all corn from Country X
Which of the following accurately describes the com trade between Country X and Y?
A
Country X has an embargo with Country Y and Country Y has a tariff in place with Country X
Country X does not have a trade barrier with Country Y, but Country Y has a tariff in place with Country X
Country X has a standard that negatively affects Country Y, and Country Y has a tarif in place with Country X
Country X does not have a trade barrier with Country Y and Country Y also does not have a trade barrier in place with Country X.
