Which of the Following Statements Regarding Technical Barriers to Trade

question 13

Multiple Choice

Which of the following statements regarding technical barriers to trade is false?

• A) Despite decades of work by the European Union, thousands of new national standards have arisen.
• B) Japan and the United States have had a long history of disputes over Japanese technical barriers to trade.
• C) Most standard setting in the European Union takes place through the European Committee for Standardization.
• D) Japanese technical regulations and standards are readily available to importers and exporters.
• E) All of these are true.

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Definitions:

Income Tax Regulations

The rules and laws that govern how income taxes are calculated, collected, and enforced by the tax authorities.

Owner Withdraws

Transactions where business owners take funds or assets out of the business for personal use, also known as drawings.

Personal Use

Utilization of a company or business asset for individual, non-business related activities or benefits.

Drawings

Withdrawals of cash or other assets from a privately-owned business by the owner(s) for personal use.