The Export Administration Act

question 52

Multiple Choice

The Export Administration Act:

• A) allows Customs to set tariffs based on "prevailing world rates"
• B) grants exporters limited exemptions from U.S. antitrust laws to develop certain business associations
• C) allows certain associations dealing with sensitive services or technologies to qualify for export registration
• D) despite its effectiveness in promoting international trade, it was repealed by the Export Trading Act of 2002
• E) none of the other choices

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Definitions:

Annuity Due

An annuity due is a type of annuity payment where payments are made at the beginning of each period, rather than at the end, as in an ordinary annuity.

Perpetuity

An infinite series of equal payments at equal intervals of time.

Present Value

The present-day value of a sum of money to be received in the future or a series of future cash flows, based on a certain return rate.

Cash Flow

A financial measurement that shows the net amount of cash and cash-equivalents being transferred into and out of a business over a specified period.