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Why does the tariff system vary from country to country? Explain,giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs.What are the conditions under which GATT allows the use of preferential tariffs?
Perpetuity
An annuity that pays a constant amount to an investor at regular periods forever.
Discount Rate
The rate of interest applied in the evaluation of discounted cash flows to calculate the current value of future cash movements.
Perpetuity
A financial instrument that pays a fixed amount of income indefinitely, with no end date.
Art Collection
An accumulation of artworks curated by individuals, institutions, or organizations, typically for cultural, aesthetic, or investment purposes.
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