Suppose Canada Implements New Border Procedures That Require Goods Arriving

question 100

Multiple Choice

Suppose Canada implements new border procedures that require goods arriving from Country X to be held for 60 days in a bonded warehouse.This new policy is ________ and is likely to ________.

• A)a voluntary export restriction; reduce imports from Country X
• B)an example of trade diversion; increase imports from Country X
• C)a non-tariff barrier; reduce imports from Country X
• D)a non-tariff barrier; drive down the price of imports from Country X
• E)an example of an anti-dumping measure; reduce exports from Country X

Recognize the types of law created by administrative agencies.

Distinguish between executive and independent agencies and their classifications.

Understand the process of rule making, including informal and formal rule-making procedures.

Identify how administrative law judges' decisions are dealt with and the appeal process.

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Definitions:

Risks

The potential for losing something of value or the chance of an adverse outcome.

Hurdle Rate

The minimum acceptable rate of return on an investment, used as a benchmark for deciding whether to pursue a project.

Internal Rate of Return

A calculation used to evaluate the profitability of potential investments.

Payback Period

The length of time it takes to recover the initial cost of an investment.