Which Is True About an Elimination of Nontariff Barriers on Import

question 54

Multiple Choice

Which is true about an elimination of nontariff barriers on import of furniture?

• A) decreases furniture imports
• B) decreases profits of import-competing furniture producers
• C) generates jobs for domestic furniture workers
• D) increases furniture costs

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Definitions:

Sales Tax

A tax levied by the government on the sale of goods and services.

Current Maturities

The portion of a long-term debt that is due to be paid within the next year.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often accounted for in financial planning.

Remote

Referring to work, operations, or processes conducted away from a central office or location, often facilitated by digital communication technology.