Specific tariff - Study guides, Class notes & Summaries

benefit domestic producers by limiting competition from abroad, increases prices for consumers - ️️results of VER local content requirement - ️️demands that some fraction of the product be produced domestically help domestic producers compete against low cost foreign imports and gain export markets, consumers absorb the costs - ️️results of subsidies tariffs, subsidies, import quotas, voluntary export restraints, local content requirement, antidumping policies - ️️6 instru...

The most basic struggle in politics, according to our textbooks, is the struggle between____ A....power and identity B....regionalization and globalization C. ...freedom and equality D. ...state and society - CORRECT ANSWER-C. Which of the following states has been considered a failed state in the past? A. Japan B. India C. The US D. The UK E. None - CORRECT ANSWER-E. Which of the following is NOT a tool of mercantilism? A. Championing specific industries and businesses in the econo...

free trade - answer-government does not attempt to restrict what citizens can buy from another country or what they can sell to another country tariffs - answer-A tax on imports that effectively raises the cost of imported products relative to domestic products special tariffs - answer-levied as a fixed charge for each unit of a good imported Ad Valorem Tariff - answer-can increase government revenues, provide protection to domestic producers against foreign competitors by increasing th...

EPRI Terms & Definitions Exam Questions & Answers 2023/2024 OFF-PEAK - ANSWER-Those hours or other PERIODs defined by NAESB business practices, contract, AGREEMENTs, or guides as PERIODs of lower electrical DEMAND. OHM'S LAW - ANSWER-A basic electrical law that relates the VOLTAGE (V), CURRENT (I), and IMPEDANCE (Z). Ohm's law is commonly stated as:V = I × Z ON-PEAK - ANSWER-Those hours or other PERIODs defined by NAESB business practices, contract, AGREEMENTs, or guides as PERIODs...

BUS X100 Final Exam Questions and Answers Already Passed Fundamental Business Resources (4) Human, Material, Informational, Financial Economy of a capitalistic economic system is a _____________ Mixed economy Economic system in which individuals own and operate a majority of the businesses Capitalism Economy of a socialistic and communistic economic system is a ____________ Command Economy Types of Competition (4) Perfect, Monopolistic, Oligopoly, Monopoly Competition utilizing product diff...

Exclusive Distribution - ️️Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems - ️️The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners - ️️Business entities conducting business electronicall...

BGEN 204 @Montana State Final Exam Practice Test. Productivity - CORRECT ANSWER The average level of output per worker per hour GDP - CORRECT ANSWER Gross Domestic Product GDP - CORRECT ANSWER Consumption + investment + govt. spending+ (Imports-exports Exporting - CORRECT ANSWER Selling and shipping to other countries Imports - CORRECT ANSWER purchasing from other countries Balance of trade - CORRECT ANSWER Exports - Imports Tariff - CORRECT ANSWER A tax levied on an impor...

BUSN 201 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Which of the following best defines balance of trade? - Answer-The total value of a nation's exports minus the total value of its imports over some period of time. The ability to produce a specific product more efficiently than any other nation is called a comparative advantage? - Answer-False The selling and shipping of raw materials or products to other nations is called? - Answer-Exporting where exports exceed imports - Answer-Tra...

Border Security Mid-term Questions And Answers Operation Stonegarden 2012: $46 million operation to fund states to enhance cooperation and coordination among local, tribal, territorial, state and federal law enforcement; joint mission to secure the border US International Trade Commission AKA the trade act of 1974; independent, non-partisan, quasi-judicial fed. agency w/broad investigative powers on matters of trade; national resource where trade data are gathered and analyzed; Activitie...

Free Trade - Answer-the ability for one country to trade with another without hindrance so that all goods can be produced with the greatest efficiency Sole Proprietorships - Answer-a business where a single person acts as the owner and operator of the business with no distinction between the person and the business Comparative Advantage - Answer-the ability to produce a good at a lower opportunity cost than another producer Market - Answer-a space in which goods are exchanged Perceived Va...