Tariff Rates on Products Imported into the United States

question 102

Multiple Choice

Tariff rates on products imported into the United States:

• A) were prohibited by the Constitution.
• B) have dropped substantially over the past 50 years.
• C) reached an all time high in 1996.
• D) have steadily increased since 1920.
• E) have never played a big part in U.S. trade policy.

Understand the legal implications of stop-payment orders on checks, including required notices and bank liabilities.

Describe the characteristics, uses, and legal aspects of traveler's checks and cashier's checks.

Recognize the requirements for electronic check presentment and processing checks electronically.

Grasp the principles governing the payment of postdated and altered checks and the liabilities involved.

---

Definitions:

Trade Union

An organization formed by workers to protect their rights and interests through collective bargaining.

Bargaining Unit

A group of employees with a common interest, often related to job function or workforce sector, represented collectively in negotiations with employers.

Workers' Compensation Act

Legislation that provides financial benefits to workers who suffer injuries or illnesses as a result of their job duties.

Compulsory Arbitration

A mandatory process where disputing parties are required to resolve their differences through an arbitrator's decision, rather than through a court trial.