A Countervailing Duty Is a Tariff That Is Levied to Counteract

question 23

Multiple Choice

A countervailing duty is a tariff that is levied to counteract

• A)the dumping of goods in the domestic market by foreign firms.
• B)a sudden surge of imports which hurt a domestic industry.
• C)subsidies given to foreign firms by their own governments.
• D)the tariff on domestic goods that are enacted by foreign governments.
• E)low prices for imported goods that are made in countries with low wages.

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Definitions:

Developmental Stages

The distinct phases that an individual undergoes from infancy to adulthood, each characterized by specific psychological and physiological changes.

Collectivist Cultures

Cultures that prioritize the group over the individual, emphasizing interdependence and familial and communal relationships.

Individualist Cultures

Societies that emphasize personal achievement, independence, and self-reliance, valuing individual goals over group objectives.

Group Goals

Objectives set by a group collectively that they aim to achieve.