When France Wanted to Reduce Video Cassette Recorder (VCR)imports,it Established

question 65

Multiple Choice

When France wanted to reduce video cassette recorder (VCR) imports,it established elaborate procedures for importers to obtain customs clearances on shipments of VCRs and required importers to obtain special licenses to import these products.This is an example of a(n) ________.

• A) export subsidy
• B) embargo
• C) import quota
• D) tariff
• E) restrictive import standard

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Definitions:

Original Amount

The initial sum of money involved in a financial transaction, before any deductions, depreciation, or appreciation.

Guaranteed Residual Value

An assurance that an asset will have a specified value at the end of its lease term.

Capital Lease

A lease agreement that is classified as a purchase of assets for accounting purposes, where the lessee assumes some of the risks and benefits of ownership.

Leased Equipment

Assets obtained for use by leasing rather than purchasing, allowing companies to use equipment without owning it.