Nuisance Tariffs

question 59

Multiple Choice

Nuisance tariffs

• A) require importers to go through the administrative paperwork, even for a small payment.
• B) can be declined at the point of import.
• C) are used to activate larger duty payments related to quantity.
• D) can be paid in kind.

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Definitions:

Invoice

A document issued by a seller to a buyer that specifies the products or services provided and the corresponding payment terms.

Scratch-and-Save

A promotional discount method where customers scratch a card to reveal a discount or prize.

Profit

The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Rate of Markdown

The percentage decrease from the original price to the sale price.