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Author Question: Which of the following is considered a business? A) A firm funded by the state that specializes in ... (Read 27 times)

PhilipSeeMore

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on: Jul 14, 2018
Which of the following is considered a business?
 A) A firm funded by the state that specializes in providing free consultations for at-risk teens
  B) A private charity that donates clothes and notebooks to orphaned kids
  C) An online shopping portal that offers discounted prices on clothes
  D) A federal agency that establishes and enforces environmental regulations

Question 2

What are nontariff barriers? How do nontariff barriers restrict international trade?


cdmart10

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Reply #1 on: Jul 14, 2018
Answer to Question 1

C

Answer to Question 2

A nontariff barrier is a nontax measure imposed by a government to favor domestic over foreign suppliers. Nontariff barriers create obstacles to the marketing of foreign goods with a nation and serve to increase costs for exporters, thus making goods more expensive. Nontariff barriers include import quotas, embargos, foreign exchange controls, currency devaluation, and cultural barriers.


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