Which of the Following Is True Regarding Nontariff Barriers

question 48

Multiple Choice

Which of the following is true regarding nontariff barriers?

• A)Embargoes are nontariff barriers,but quotas are not.
• B)Quotas and embargoes are nontariff barriers,but indirect barriers are not.
• C)Quotas,embargoes,and indirect barriers are all nontariff barriers.
• D)Quotas are nontariff barriers,but embargoes are not.
• E)Indirect barriers are nontariff barriers,but quotas and embargoes are not.

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Definitions:

Cash Payment

The act of settling a debt or paying for goods or services with cash or equivalent instruments, such as checks.

Direct Method

A way of preparing the cash flow statement where actual cash flow information from operating activities is used instead of adjustments to net income.

Revenues

income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Operating Activities

Transactions and events that affect the net income of a business, related to its principal revenue-producing activities.