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Unformatted text preview: 5. What is a prohibitive tariff? 6. The international price of camcorders is $500 and the US tariff is 10% on a camcorder. Calculate the effective rate of protection for camcorder if the parts for a camcorder cost $300 and the tariff rates are as below: a. 5% b. 10% c. 15% d. 20% 7. What are Export Subsidies and when do countries use this? 8. What is a non-tariff barrier? 9. Define : (i) Import Quotas. (ii) Voluntary Export Restraints. (iii) Government Procurement Provisions. (iv) Domestic Content Provisions (v) European Border Taxes (vi) Administrative Classification (vii) Restrictions on Trade in Services (viii) TRIMs...
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This note was uploaded on 10/24/2010 for the course ECON 460 taught by Professor Staff during the Fall '08 term at UNC.
- Fall '08
- International Economics