Which of the Following Statements Is True of Nontariff Barriers

question 48

Multiple Choice

Which of the following statements is true of nontariff barriers?

• A) They are government payments to international firms.
• B) They are restrictions on the quantity of goods exported.
• C) They can discourage imports by means of subsidies.
• D) They tend to encourage imports over exports.

---

Definitions:

Ending Inventory

The total value of goods remaining unsold at the end of an accounting period, calculated as a part of the cost of goods sold.

Periodic Inventory System

An accounting method where inventory levels and cost of goods sold are determined at set intervals, typically at the end of an accounting period.

FIFO

First-In, First-Out, a method used in inventory management where the first items placed in inventory are the first to be used or sold.

Average Cost

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the average cost of all goods available for sale during the period.