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Tariff Law

Authored by Juliana Cordero

English

University

Used 35+ times

Tariff Law
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46 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of an anti-dumping duty?

To encourage international trade
To protect a domestic industry from unfair trade practices
To reduce import taxes
To subsidize local businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dumping occurs when:

Domestic producers sell their products below cost
Foreign producers sell products at higher prices in the domestic market
Foreign producers sell their products at lower prices than in their home market or below production cost
Domestic producers export their products at higher prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the "normal value" in the context of anti-dumping measures?

The export price of the product
The comparable price in the exporting country's domestic market
The price after applying anti-dumping duty
The minimum acceptable international price

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the four elements of dumping?

Like Product
Price Difference
Injury
Increase Imports

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "price undercutting" refer to?

Selling products at a price above the domestic price
Offering products at a consistently lower price than the domestic equivalent
Reducing production costs to compete with imports
Government providing subsidies to domestic producers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes a "non-market economy"?

An economy where trade is liberalized
An economy where the government has a monopoly or substantial influence over trade and prices
An economy driven solely by market forces
An economy with no government intervention

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of subsidy is considered "green" or non-actionable?

Export subsidies
Subsidies for specific industries
General government assistance for environmental adaptation
Subsidies contingent on export performance

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