What Is the Function of a Countervailing Duty

question 48

Multiple Choice

What is the function of a countervailing duty?

• A) balance revenues against costs
• B) restrict the amount a country will import
• C) increase revenues from parallel imports
• D) increase the amount a country will export
• E) permit the use of foreign currency within the country

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Definitions:

Gibbons v. Ogden

A landmark Supreme Court case in 1824 that clarified the scope of the U.S. Congress's legislative power over interstate commerce.

Judicial Review

The power of courts to assess whether a law, policy, or executive action is in conflict with the Constitution.

Printz v. United States

A Supreme Court case that held certain interim provisions of the Brady Handgun Violence Prevention Act as unconstitutional, limiting federal power over state officials.

Brady Handgun Violence Prevention Act

A U.S. federal law that mandated federal background checks on firearm purchasers in the United States, and imposed a five-day waiting period on purchases, until the NICS system was implemented in 1998.