Which One of the Following Is NOT an Example of Making

question 19

Multiple Choice

Which one of the following is NOT an example of making a trade instrument more Restrictive against imports, other things equal?

• A) a decrease in the size of an import quota
• B) a shifting of an import good from an administrative classification category with a high Tariff to an administrative classification category with a low tariff
• C) a withdrawal of GSP treatment for goods from a particular country
• D) a denial of most-favored-nation (MFN) treatment to a country that previously received such treatment

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Definitions:

Variable Manufacturing Costs

Costs that vary directly with the level of production, such as raw materials and labor expenses.

Variable Manufacturing Costs

Costs that vary directly with the level of production output, such as raw materials and direct labor.

Book Value

The net value of an asset or a company, calculated by subtracting its total liabilities from its total assets.