Answer the following statements true (T) or false (F)
1.With a compound tariff, the "specific" portion neutralizes the cost disadvantage of domestic manufacturers that results from tariff protection granted to domestic suppliers of raw materials, and the "ad valorem" portion grants protection to the finished-goods industry.
2.The nominal tariff rate signifies the total increase in domestic productive activities compared to what would occur under free-trade conditions.
3.When material inputs enter a country at a very low tariff while the final imported product is protected by a high tariff, the result tends to be a high rate of protection for domestic producers of the final product.
4.According to the tariff escalation effect, industrial countries apply low tariffs to imports of finished goods and high tariffs to imports of raw materials.
5.. Under the Offshore Assembly Provision of U.S. tariff policy, U.S. import duties apply only to the value added in the foreign assembly process if U.S.-made components are used by overseas companies in their assembly operations.
1.True
2.False
3.True
4.False
5.True
You might also like to view...
The principle of normal trade relations (most-favored-nation) treatment was established with the passage of the
a. Fordney-McCumber Act of 1922. b. Smoot-Hawley Act of 1930. c. Reciprocal Trade Agreements Act of 1934. d. Trade Act of 1974.
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,260. The FICA tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of .6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,325.17. Her net pay for the month is: (Round your intermediate calculations to two decimal places.)
A. $6,246.94 B. $6,422.71 C. $7,194.11 D. $5,868.94 E. $6,302.94
When Hakim asked Marta where she wanted to go for lunch, she said Panera Bread because she used to go there at least once a week and always liked it. Marta conducted an internal search for information.
Answer the following statement true (T) or false (F)
Which is considered a force in the five-forces model?
A. rivalry among competing firms B. the threat of government intervention C. recent technological innovation D. increased deregulation in an industry