A Nontariff Barrier Is Any Impediment to Trade Other Than

question 53

Multiple Choice

A nontariff barrier is any impediment to trade other than tariffs and includes:

• A) Quotas, embargoes, and taxes.
• B) Embargoes and quotas only.
• C) Indirect barriers, quotas and embargoes.
• D) Quotas and indirect barriers only.
• E) Quotas, embargoes, taxes, and customs.

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Definitions:

Performance Measure

Criteria or benchmarks used to assess and compare the efficiency, effectiveness, and productivity of operations within an organization.

Investment Turnover

A measure of a company's ability to generate sales from its investments in assets, typically indicating efficiency.

Use Of Assets

This involves the effective and efficient employment of a company's resources to maximize profitability and productivity.

Profit Margin

A financial performance metric that shows the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in generating profits.