Two Examples of Nontariff Barriers That Refer to Quantitative Restrictions

question 34

Multiple Choice

Two examples of nontariff barriers that refer to quantitative restrictions on importing and a total or near total ban on trade respectively are:

• A) Partial embargoes, embargoes.
• B) Trade seizures, limits.
• C) Embargoes, quotas.
• D) Quotas, embargoes.

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Definitions:

Current Asset

Assets expected to be converted into cash, sold, or used up within one year or within the business's operating cycle, whichever is longer.

Useful Life

The estimated duration for which an asset is expected to be operational, useful, and productive for its intended purpose.

Non-Current Liability

A financial obligation of a company that is due for repayment in more than one year's time.

Current Portion

The part of a long-term liability that is due to be paid within the next twelve months.