Which of the Following Types of Duties Would Be Imposed

question 9

Multiple Choice

Which of the following types of duties would be imposed on a company whose home-country government provided export subsidies?

• A) ad valorem duty
• B) countervailing duty
• C) antidumping duty
• D) specific duty
• E) customs duty

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Definitions:

Goods

Tangible items that are produced or manufactured and can be bought, sold, or traded.

Services

Intangible products that are produced and consumed at the same time, offering value without transferring ownership.

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.

NAFTA

The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that removed tariff barriers between the nations.