Tariffs that are ad valorem are A based on the weight or size of the imported

Tariffs that are ad valorem are a based on the weight

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56) Tariffs that are ad valorem are ________.A) based on the weight or size of the imported productB) assessed as a percentage of the imported product's valueC) intended to provide a steady flow of income for the governmentD) charged regardless of the imported product's valueAnswer: BDifficulty: EasySkill: ConceptObjective: 8-3AACSB: Dynamics of the global economy57) Under the ________, Canada, Mexico, and the United States have eliminated nearly all tariffs on product imports from each other.58) ________ represent a major driver of market globalization.13
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59) Nontariff trade barriers have increased in popularity partly because they ________.60) An import license refers to a(n) ________.A) tax charged on an imported product whose price is below usual prices in the local marketB) list of complex procedures imposed on importers that hinder trade and investmentC) complicated system of establishing quotasD) government authorization granted to a firm for importing a productAnswer: DDifficulty: EasySkill: ConceptObjective: 8-3AACSB: Dynamics of the global economy61) The so-called ________ specifies that a certain proportion of products and supplies, or of intermediate goods used in local manufacturing, must be produced within the bloc.62) Which of the following is a frequent problem in national customs agencies?14
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