Which of the following is an example of an ad valorem tariff?

Business Policy Mock Test

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Hoàng Minh
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98 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 3 pts
only licensed importers can import automobiles
20% on imported automobiles
$300 tariff on each imported computer
D. 25% of automobile must be manufactured domestically
Answer explanation
Ad valorem tariffs: levied as a proportion of the value of an imported good.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Two of the first industries targeted for reform by the WTO with a view to encompass regulations governing foreign direct investment were:
global telecommunication and financial services industries
scientific research and defense sector
pharmaceuticals and heavy metal industry
agriculture and biotechnology
Answer explanation
Two of the first industries targeted for reform in terms of FDI regulations were the global telecommunication and financial services industries. These sectors were considered crucial due to their significant impact on international trade and investment flows
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following illustrates the costs associated with regional economic integration?
The Andean Pact was largely based on the EU model, but was far less successful at achieving its stated goals
Due to the establishment of NAFTA, Canadian workers in the textile industry lost their jobs as Canadian firms moved production to Mexico
Americans suffer job losses when technology support work is outsourced to cheaper locations to countries like India
The euro is now used by 16 of the 27 member states of the European Union, with some countries opting to retain their national currencies
Answer explanation
Regional economic integration refers to the process of countries within a specific geographic region coming together to promote economic cooperation and integration
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following are not criteria for entry into the Euro Zone?
High national debt
Sound fiscal situation
High degree of price stability
Converged long term interest rates
Answer explanation
The criteria for entry into the Euro Zone include:
1. Sound fiscal situation: Countries must have a budget deficit that is below 3% of their GDP and a government debt that is below 60% of their GDP.
2. High degree of price stability: Countries must have a low inflation rate and demonstrate the ability to maintain price stability.
3. Converged long-term interest rates: Countries must have interest rates that are close to the average interest rates of the three countries with the lowest inflation rates in the Euro Zone.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the US, which branch of government has the ability to impose antidumping duties?
Judiciary
House of Representative
Senate
President
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following are not factors that led to the collapse of Bretton Woods?
Role of US dollar in the system
US macroeconomic policy
US began importing more than it was exporting
Speculative attack on the Japanese Yen
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following are not considered political reasons for economic integration?
Economic integration creates incentives for political cooperation
Economic integration allows countries to enhance their political weight in the world
Economic integration allows countries to eliminate nationalism and patriotism
Economic integration reduces potential for violent conflict
Answer explanation
In fact, economic integration can coexist with national identity and patriotic sentiments.
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