A customs broker or other import consultant can help an importer minimize import duties by ________.
A) bypassing duty rebates available through drawback provisions
B) incurring duties by using non-bonded warehouses and foreign trade zones
C) maximizing liability by improperly marking an import's country of origin
D) valuing products in such a way that they qualify for more favorable duty treatment
D) valuing products in such a way that they qualify for more favorable duty treatment
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A nation's average annual real GDP growth rate is 3%. Based on the "rule of 72," the approximate number of years that it would take for this nation's real GDP to double is
A. 40 years. B. 175 years. C. 17.5 years. D. 24 years.
What can we say about the employment of resources if the economy is at a point on its production possibility frontier?
What will be an ideal response?
This table shows the price-level adjustment as compared to the United States. CountryPrice-Level AdjustmentAustralia-0.50China0.25Mexico0.34United States0.00According to the information in the table shown, if someone were earning $20,000 in Mexico, approximately what would he need to earn in the United States to enjoy the same amount of goods and services?
A. $30,303 B. $20,030 C. $15,000 D. $35,000
The Budget Act of 1990
A. did not change the top marginal tax rate. B. lowered the top marginal tax rate. C. raised the top marginal tax rate.