Which of the Following Is Not an Example of a Trade

question 32

Multiple Choice

Which of the following is not an example of a trade restriction?

• A)tariffs
• B)quotas and voluntary export restraints
• C)legislation requiring that cars sold in a country have a 50 percent domestic content
• D)consumer preferences for goods produced domestically

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Definitions:

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate the cash from operating activities.

Depreciation Expense

Depreciation Expense is an accounting method used to allocate the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up over a specific period.

Amortization

The process of gradually writing off the initial cost of an asset over a period, often referring to intangible assets.

Bonds Payable

Long-term liabilities represented by bonds that a company is obligated to pay back at a specified maturity date, including principal and interest.