IEI 301 full P2|100 Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+|26 Pages

100. Specific tariffs are: a. Levied as a proportion of the value of the imported good. b. Levied as a fixed charge for each unit of a good imported. c. In the form of manufacturing or production requirements of goods. d. Government payment to domestic producers. - ️️B All of the following are true of tariffs except: A. They reduce the revenue for the government. B. They can be levied as a proportion of the value of the imported good. C. They can be levied as a fixed charge for each unit of a good imported. D. They impose significant costs on domestic consumers. - ️️A What type of duty is used in this case: $10.00per ton (wheat) or $4.00per dozen (fountain pens)? A. Ad valorem duty B. Specific duty C. Compound duty D. Flexible duty - ️️B The permitted types of manipulation are......in the case of a bonded warehouse than for an Free Trade Zone. A. More Limited B. More Flexible C. At the same level with