Which of the Following Is an Example of a Nontariff

question 110

Multiple Choice

Which of the following is an example of a nontariff barrier that restricts access to distribution networks?

• A) Malaysia's requirement that during prime time at least 40 percent of the songs on the radio be by local artists
• B) Turkmenistan's requirement that all imports of consumer goods be approved by the State Standards Committee
• C) China's policy that imported sugar be distributed only by state-owned enterprises
• D) Canada's requirement that baby food be packaged in 4.5- and 7.5-ounce containers

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Definitions:

Average Variable Cost

The per-unit variable cost, determined by dividing the overall variable expenses by the amount of output generated.

Total Variable Cost

The sum of all costs that vary with output level, including costs of direct materials, direct labor, and other expenses that increase or decrease as production volume changes.

Variable Cost

Costs that change in proportion to the level of output in the production process.

Marginal Product

The marginal product is the additional output produced as a result of using one more unit of a particular input, holding all other inputs constant.