A _____ Is a Nontax Method of Increasing the Cost

question 22

Multiple Choice

A _____ is a nontax method of increasing the cost or reducing the volume of imported goods.

• A)tariff
• B)nontariff barrier
• C)trade roadblock
• D)risk­aversive boycott
• E)subsidy quota

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Definitions:

Bins

Containers or designated spaces used for storing inventory items in a structured manner.

Operating Leverage

A financial metric that measures the degree to which a firm or project can increase operating income by increasing revenue.

Variable Costs

Expenses that fluctuate based on the amount of output or the level of activity in a business.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, highlighting the fixed versus variable costs of a business.