Ad valorem tariff - Study guides, Class notes & Summaries

AGB 302 Ch 7 Questions and Answers 100% correct Free Trade refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country General Agreement on Tariffs and Trade (GATT) creations of a series of multinational treaties; predecessor of WTO; the emergence of the modern international trading system is based on this Tariff a tax levied on imports (or exports) Specific Tariffs levied as a fixed charge for each ...

BUSI 3250 Exam 2 Questions With 100% Correct Answers 2024 when using the gold standard governments have monetary flexibility (T/F) - answerfalse the underground economy is also called what - answershadow economy litigation brought forth disputes between countries, governments, and corporations is a better resolution than arbitration (T/F) - answerfalse special drawing rights are a basket of how many currencies - answer5 Sweden, Japan, Ukraine, and Canada use which of the following currenc...

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Exporting is the purchase of products from another nation. Answer: True False 2) Falling political barriers and new technologies have made it increasingly difficult to trade with other nations. Answer: True False 3) When a nation is importing more than it is exporting, it has a positive balance of trade. Answer: True False 4) A balance of trade refers to the buying, selling, and trading of goods and ser...

BUSHMR 2000 Exam 2 Questions and Answers | 100% Pass In order to encourage the agricultural industry, the French government provided low- interest loans for the purchase of seeds and fertilizers. The government also gave cash grants and made tax reductions. Which instrument of trade policy is being used by the French government? tariffs voluntary export restraints subsidies local content requirements import quotas - Answer-subsidies A(n) ________ refers to the extra profit that produc...

BUSMHR 2000-Final exam Questions and Answers | 100% Pass 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 domesti...

AGB 302 Final Questions with Correct Answers (2022/2023) Already Passed which of the following is a step in the shift towards a market based economic system? creation of a legal system to safeguard property rights design and names by which merchants or manufacturers designate and differentiate their products are known as __________ trademarks ________, a nobel prize-winning economist, has argued that development is not just an economic process, but it is a political one as well. amartya sen ...

Chapter 03 - Business in a Borderless World True / False Questions 1. Exporting is the purchase of products from another nation. FALSE Exporting is the selling of goods and services to foreign markets. Blooms: Remember Difficulty: Easy Learning Objective: 03-01 Explore some of the factors within the international trade environment that influence business. Topic: 03-04 Trade Between Countries 2. Falling political barriers and new technologies have made it increasingly difficult to trade w...

BUSMHR 2000 Final Exam Review Study Guide with Complete Solutions free trade - Answer-govt does not attempt to restrict what its citizens can buy from another country or sell to another country tariffs, subsidies, import quotas, voluntary export restraints, local content requirement, antidumping policies - Answer-6 instruments of trade policy tariff - Answer-a tax levied on imports that effectively raises the cost of imported products relative to domestic products increases govt revenues...

INTERNATIONAL BUSINESS 429 QUIZZES 1-5 WITH CORRECT ANSWERS Which of the following is not one of the 4 biggest growth drivers for the world's largest economies - CORRECT ANSWERMilitary Strength Match these organizations with their primary roles in globalization. - CORRECT ANSWER-The World Bank : Stabilizer The International Monetary Fund : Advisor The World Trade Organization : Broker/Negotiator For the World Trade Organization, increasing trade barriers has been one of the mo...

Specific Tariff - -A tariff levied as a fixed charge for each unit of a good -Voluntary Export Restraint - -A quota trade imposed from the exporting country's side -Infant Industry - -An industry should be protected until it can develop and be viable and competitive internationally. Proposed by Alexander Hamilton and is the oldest argument for government intervention. -Ad Valorem Tariff - -Levied tariff as a proportion of the value of the imported goods -Subsidy - -A government paym...