Select the Appropriate Type of Cost for Each of the Definitions

question 243

Multiple Choice

Select the appropriate type of cost for each of the definitions below.
-remains the same in total within the relevant range

• A)variable
• B)fixed
• C)mixed
• D)step

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Definitions:

International Trade

The trading of products, services, and money across the borders or territories of different countries.

Merchandise Exporting

The act of sending goods produced in one country to be sold in another country.

GATT

The General Agreement on Tariffs and Trade, an international trade treaty designed to boost economic recovery after World War II by reducing or eliminating trade barriers such as tariffs and quotas.

International Trade

The exchange of goods and services between countries.