Homework 5 (2)

Homework 5 (2) - 5 What is a prohibitive tariff 6 The...

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ECON 460 -001 and 002, Fall 2010 Homework 5 Due in class on October 15, 2010 Please read Chapter 13 to answer the following questions: 1. Define   (i) Specific Tariff:  (ii) Ad Valorem Tariff:  (iii) Import Subsidy: (iv) Preferential Duty:   (v) MFN (NTR) status:  (vi) Offshore Assembly Provision:   2. What are the U.S.  tariff rates for the MFN nations and the Non-MFN nations for the  following goods ?  Live goats Dog leashes Spinach  Chewing Gum T-shirts Telephone Answering Machines 3. If the tariff rates for TVs, Shirts and Airplanes are 20%, 10% and 200% respectively,  what is the average tariff rate? 4. If the volume of imports of TV, Shirts and PCs are $10 million, $5 million and $0 million  respectively, what is the weighted tariff rate? 
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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.

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Homework 5 (2) - 5 What is a prohibitive tariff 6 The...

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