Term a tax or duty rebate on imported goods that are exported at a later date ?

Related Mcqs:

1. Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

   A. 5 percent
   B. 10 percent
   C. 15 percent
   D. 20 percent

2. The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

   A. normal trade relation status
   B. most favored nation status
   C. offshore assembly provisions
   D. Generalized System of Preferences

3. If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?

   A. an import subsidy
   B. a quota
   C. comparative advantage
   D. an export subsidy

4. The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

   A. indirect taxes
   B. direct taxes
   C. inelastic
   D. value-added tax

5. Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

   A. Rs 50000
   B. 20%
   C. 25%
   D. Rs 10000

6. When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?

   A. caused a deadweight loss
   B. decreased equity
   C. generated no tax revenue
   D. increased efficiency

7. A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

   A. Compound tariff
   B. Effective tariff
   C. Ad valorem tariff
   D. Specific tariff

8. A tax of 15 percent per imported item would be an example of a (an) ?

   A. Ad valorem tariff
   B. Specific tariff
   C. Effective tariff
   D. Compound tariff

9. Antidumping duties applied to imported goods ?

   A. are abolished by the World Trade Organization
   B. result in decreases in consumer surplus for domestic households
   C. are imposed by industrial countries but not developing countries
   D. result in lower-priced goods for domestic consumers

10. Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

    A. an import tariffs
    B. a tariff rate quota
    C. a selective quota
    D. a global quota