Under the GATT, Which Trade Remedy Can Importing Countries Use

question 41

Multiple Choice

Under the GATT, which trade remedy can importing countries use to offset export subsidies?

• A) antidumping duties
• B) safeguard duties
• C) quotas
• D) countervailing duties

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Definitions:

FASB Conceptual Framework

A set of objectives and fundamentals developed by the Financial Accounting Standards Board to guide the creation of accounting standards.

Asset Characteristics

The inherent properties and qualities of an asset that affect its value, performance, and risk profile.

MACRS Depreciation

The Modified Accelerated Cost Recovery System is a method of depreciation used for tax purposes in the United States, allowing for faster depreciation in the early years of an asset's life.