In 2014,the EU Filed a Complaint That the Government of Washington

question 33

Multiple Choice

In 2014,the EU filed a complaint that the government of Washington state violated international trade rules by:

• A)charging that cotton subsidies depressed prices and disadvantaged producers in emerging markets.
• B)prohibiting Internet gambling,the United States was violating global trade agreements.
• C)imposing 30 percent tariffs on a range of steel imports for a period of three years.
• D)imposing tariffs on a range of products imported from Brazil.
• E)extending tax incentives to Boeing for in-state manufacture of the 777x jetliner.

---

Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating operational liquidity.

Straight-Line Depreciation

A procedure for apportioning the expenditure of a tangible good across its viable life in consistent annual amounts.

Income Taxes

Taxes imposed by the government on income generated by businesses and individuals within their jurisdiction.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.