Unlike Nontariff Barriers, Tariffs _____

question 48

Multiple Choice

Unlike nontariff barriers, tariffs _____.

• A) decrease the cost of exported goods
• B) increase the cost of imported goods
• C) are direct taxes on imported goods
• D) are nontax methods of reducing the volume of imported goods

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Definitions:

DRIP Payments

Dividend Reinvestment Plan payments, where dividends paid by a corporation are automatically reinvested to purchase more shares of the company's stock.

EOQ

Economic Order Quantity; the ideal order quantity a company should purchase to minimize its total costs related to ordering, receiving, and holding inventory.

Ordering Costs

Expenses incurred in placing and receiving orders from suppliers, including costs related to order processing and transportation.

Inventory Value

The total cost or market value of all the goods and materials held by a company intended for sale.