Tariffs and Quotas Are Used to Restrict the Flow of International

question 22

Multiple Choice

Tariffs and quotas are used to restrict the flow of international trade and capital.These are examples of:

• A)expenditure-changing policies
• B)direct controls
• C)expenditure-switching policies
• D)indirect controls

Understand the differences between various types of steering systems.

Identify components not part of specific steering systems.

Comprehend the complexity levels of different steering systems.

Recognize what powers most power steering systems.

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Definitions:

Freight Costs

Freight Costs entail the charges incurred for the transportation of goods by land, sea, or air.

Perpetual System

A system for managing inventory that instantly logs sales or purchases via computerized point-of-sale systems and enterprise asset management software.

Inventory

A company's complete stock of items and materials, kept for the aim of either resale or use in manufacturing processes.

Sales Discount

A reduction in the price of a product or service offered by a seller to the purchaser, usually provided for prompt payment or in specific situations.