Answer the following statements true (T) or false (F)
1.Concerning U.S. tariff policy, the offshore assembly provision (OAP) provides unfavorable treatment to products assembled abroad from U.S. made components.
2.Tariff avoidance is the legal utilization of the tariff system to one's own advantage in order to reduce the amount of tariff that is payable by means that are within the law.
3.Tariff evasion occurs when individuals or firms escape tariffs by illegal means such as smuggling imported goods into a country.
4.A foreign-trade zone (FTZ) is an area within the United States where business can operate without the responsibility of paying customs duties on imported products or materials for as long as they remain within this area and do not enter the U.S. marketplace.
5.Empirical studies show that virtually all U.S. import tariffs are "progressive" in that they disproportionately negatively impact upper income groups rather than lower income groups.
1.False
2.True
3.True
4.True
5.False
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The number of car insurance policy holders is an example of a discrete numerical variable.
Answer the following statement true (T) or false (F)
An example of a nonfinancial transaction is
a. sale of products b. cash disbursement c. log of customer calls d. purchase of inventory
Describe the situational factors used to analyze problems in the Vroom model of leadership.
What will be an ideal response?
A small country is just beginning its international trade activities. In so doing, it wants to ____ and to develop a favorable balance of trade.
A. provide markets for its products B. have its name in The Wall Street Journal C. have its exports taxed D. be involved in international politics E. control the governments of other countries