Duties
Quiz
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Physical Ed
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University
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Practice Problem
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Victor Marquez
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5 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
WHAT IS A CUSTOM DUTY?
An obligation for countries to pay Money.
A tariff is a tax on items entering or leaving a country.
An amount of mney to pay for doing business.
An amount of money for business.
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How do tariffs help the countries?
Tariffs help for doing business.
Tariffs protect some domestic industries from competition abroad.
When you want to create new business.
For international commerce.
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What’s the name of the money collected under a tariff?
Courrency.
Is called a duty or a customs duty.
Custom border payment.
Money exchange rate.
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is trade deficit?
It is an amount of money that a coutnry needs to pay.
An amount by wich a country exports and imports.
Is the amount by which a country imports exceed the
value of its exports.
An amount of money for doing business.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is a disadventage for the international commerce with high Duties on products ?
The final price of the product in the market.
That companies suffer the consequences of High Duties.
The countries gain more power.
That new business can be done.
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