What Is the Function of a Countervailing Duty

question 61

Multiple Choice

What is the function of a countervailing duty?

• A) To balance revenues against costs
• B) To restrict the amount a country will import
• C) To increase revenues from parallel imports
• D) To increase the amount a country will export
• E) To permit the use of foreign currency within the country

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Definitions:

Artisanal Skills

Specialized manual abilities associated with a craft or trade, often characterized by a focus on quality and creativity.

Antislavery Movement

A social and political campaign against the practice and institution of slavery that emerged in various forms across different times and places.

Artisanal Trades

Skilled craftwork professions where the craftsman creates products in a traditional or non-mechanized manner, often by hand.

Negro Election Day

A historical celebration among African Americans in New England during the colonial period, where they would elect their own leaders in parallel to white colonial elections.