WorkfileContents.docx Question 11 out of 1 pointsA contract involving the sale of goods from a Texas seller to a French wholesaler must always use the United Nations Convention on Contracts for the International Sale of Goods (CISG). Question 21 out of 1 pointsAd valoremduty is based on the fair market value of the imported good asof the date it reaches the United States, not the price actually paid for the good when sold for export to the United States. Question 31 out of 1 pointsAlthough the United States government officially signed the GATT treaty, the United States Congress has refused to ratify the agreement. Question 41 out of 1 pointsArcher Co. has decided it wants to expand into international business, but it is concerned about expropriation of its property or losses caused by political unrest. Archer is considering purchasing insurance through the Overseas Private Investment Corporation (OPIC). OPIC: Question 51 out of 1 pointsAxle Corporation imports goods into the United States. Who is required to pay the duty on the imported goods? Question 61 out of 1 pointsFor manufactured goods, the United States and European Union impose anaverage tariff of ________ percent, and major trading partners around the world impose tariffs of ________ percent for identical items. Question 7 1 out of 1 points
WorkfileContents.docxGenerally, consumers are not adversely affected by tariffs since tariffs affect wholesale prices, not retail prices. Question 81 out of 1 pointsHardhat Machine Company sold goods to Irish Eyes Company of Northern Ireland. Big Bank issued a letter of credit on behalf of Irish Eyes and the letter was given to Hardhat. The "account party" is:
You've reached the end of your free preview.
Want to read all 7 pages?
- Spring '14
- International Trade, Federal government of the United States, Law of the United States