A World View Excerpt Titled "China Accuses Corning of 'Dumping

question 37

Multiple Choice

A World View excerpt titled "China Accuses Corning of 'Dumping'" examines the role that antidumping charges play in trade disputes.According to the excerpt, customers in China that buy Corning products will be forced to

• A) Wait 16 days from the day of purchase in order to use the products.
• B) Buy a license from the Chinese government equal to 16 percent of the customers'annual income.
• C) Pay a 16 percent tariff to the Chinese government.
• D) Pay 16 percent of the market price into an escrow account.

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Definitions:

Blank Indorsement

A signature by the holder on the back of a negotiable instrument, such as a check, without specifying a particular endorsee, thereby making the instrument payable to the bearer.

Qualified Indorsement

An indorsement on a negotiable instrument in which the indorser disclaims any contract liability on the instrument; the notation “without recourse” is commonly used to create a qualified indorsement.

Restrictive

Imposing limitations or conditions on use, action, or movement.

Bearer Instrument

A negotiable financial instrument that is payable to the holder or presenter.