List and Define the Types of Nontariff Barriers That Limit

question 34

Essay

List and define the types of nontariff barriers that limit the quantity of goods traded: quotas, embargoes, buy local legislation, standards and labels, specific permission requirements, administrative delays, and reciprocal requirements.

---

Definitions:

Net Purchases

The total cost of purchases in a period minus purchase returns, allowances, and discounts.

Cost Of Goods Sold

Direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Weighted Average

A calculation method that takes into account the varying degrees of importance of the numbers in a data set, resulting in a figure that represents the overall effect.