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Unformatted text preview: average tariff rate? (3 points) 5. 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? (5 points) 6. What is a prohibitive tariff? (3 points) 7. 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% (4 points) b. 10% (4 points) c. 15% (4 points) d. 20% (4 points) 8. What are Export Subsidies and when do countries use this? (4 points) 9. What is a non-tariff barrier? (5 points) 10. Define : 3*8 =24 points (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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- Fall '08