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:

Variable Costing

A costing method that includes only variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of a product, excluding fixed manufacturing overhead.

Unit Product Cost

The total cost (variable and fixed) associated with producing one unit of a product.

Year 2

A fictional or unspecified second year in a sequence or period being referred to, often relative to a specific context or event.

Absorption Costing

A method of costing that takes into account all expenses of production, including direct materials and labor, and both kinds of manufacturing overheads, variable and fixed, in determining a product's cost.