Description : 6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment ... . budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C
Last Answer : c. budget surplus of $1000
Description : Did Trump not think that countries would impose retaliatory tariffs on US goods?
Last Answer : “Did Trump not think.” You can stop right there. As long as it doesn’t hurt him personally, he doesn’t care.
Description : Taxes levied by a nation on goods bought outside its borders and brought in, are called 1. import duties 2. export duties 3. export tariffs 4. quotas 5. import tariffs
Last Answer : import tariffs
Description : Did Alexander Hamilton favored bank notes or taxes on imported foreign goods?
Last Answer : Need answer
Description : Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above
Last Answer : Ratio of prices of exports and imports
Description : What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services
Last Answer : (B) Tax imposed on interstate trade
Description : What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade
Last Answer : (C) Tax imposed on interstate trade
Description : The Indian market has emerged as one of the largest importers of South East Asian goods.
Last Answer : A - The Indian market has emerged as one of the largest importers of South East Asian goods. ... correct but R is not the correct explanation of A.
Description : What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP
Last Answer : b) other things remaining equal
Description : What Place to buy imported goods such as tea or sugar?
Description : axes levied by a nation on goods bought outside its borders and brought in are called A)import duties. B)export duties. VU Cafeteria C)export tariffs. D)quotas. E)import tariffs.
Last Answer : E)import tariffs.
Description : An analysis of the economic segment of the external environment would include all of the following EXCEPT …. A. Interest rates. B. International trade tariffs C. Strength of the U.S. dollar. D. Move toward a contingent outsourcing workforce.
Last Answer : Move toward a contingent outsourcing workforce.
Description : Why are the new tariffs causing U.S. domestic steel producers' stock prices to fall?
Last Answer : ~ ~ ~ ~ Wait wait wait, you listening to the Orange haired tax master ??
Description : 7. According to Keynes, when the Great Depression started, the government should have: a. done nothing b. decreased the money supply c. had a large increase in government spending d. enacted high tariffs, such as the Smoot-Hawley Tariff
Description : The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in ... in value added for domestic production that a particular tariff structure makes possible, in percentage terms
Last Answer : d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms
Description : Most tariffs have (a.) only revenue effects (b). only protective effects (c). both protective and revenue effects (d). neither protective or revenue effects
Last Answer : (c). both protective and revenue effects
Description : Specific tariffs are collected as (a) Fixed amount of money per unit traded (b) A percentage of the price of the product © A percentage on the quantity of imports (d) All of the above.
Last Answer : (a) Fixed amount of money per unit traded
Description : The supported the boycott of imported goods by making tea from herbs and berries and by weaving cloth?
Last Answer : The daughters of Liberty
Description : What goods were rarely found in Egypt and imported from other countries?
Description : A tariff is: A. Restriction on the number of export firms B. Limit on the amount of imported goods C. Taxation on imports D. (b) and (c) as mentioned above
Last Answer : Taxation on iTaxation on importsmports
Description : Waste or refuse arising out of manufacturing activity of output exported shall be charged to import duty as _____ if such waste or refuse is cleared for home consumption. A waste or refuse B imported goods C waste or refuse or output D Scrap
Last Answer : waste or refuse
Description : A bond that is executed for warehousing of goods imported in multiple imports is referred to as _____ bond. A Special B General C Higher D Lower
Last Answer : Ans :Higher
Description : When goods are imported through 'non -official' channels from low price to high price countries, the practice is termed: A)transfer imports B)parallel imports C)black imports D)dumping
Last Answer : B)parallel imports
Description : What is Value Added Tax (VAT)? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods
Last Answer : (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. Explanation: A value added tax (VAT) is a form of consumption tax. A VAT is like a sales tax in that ... under the single tax system based primarily or exclusively on one tax, typically chosen for its special properties.
Description : What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods
Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc.
Description : What do the trade items imported by east Africa suggest about it's societies?
Description : Economic progress of a country is determined by - (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : (1) Increase in per capita income of people of country Explanation: Economic progress of a country is determined by increase in per capita income of people f that country.
Description : Economic progress of a country is determined by (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : Increase in per capita income of people of country
Description : Which of the following is not a basic objective of documentation in foreign trade? A. to assure that the exporter will receive the payment B. to assure that the importer will receive the goods C. to eliminate risk of noncompletion D. to reduce foreign exchange risk E. none of the above
Last Answer : E. none of the above
Description : Recently I have taken interest in a company that manufacture and export Medical Disposables from India. How do I get in touch with importers overseas?
Last Answer : You should have thought about that before you bought into the company.
Description : Have you ever tried to distort your perceptions by imposing self-created beliefs onto yourself?
Last Answer : What do you mean by “self-created beliefs”?
Description : Why doesn't the Arab League take the lead in imposing a no-fly zone in Libya?
Last Answer : I heard a discussion about a UN imposed no-fly zone in which they said the Arab League might not support one but not a detailed discussion of the reasons. Presumably some of the countries with entrenched ... idea to be sanctioned. I do think one should be imposed but not unilaterally by the US..
Description : Where can i find gourmet importers in the U.S?
Last Answer : The National Association for the Specialty Food Trade is the trade organization for most of the gourmet food industry. They organize the Fancy Food shows in New York and San Francisco, which ... of products like yours. Contacting them might be a good place to start looking for contacts.
Description : What were the main reasons for imposing barriers in india? -SST 10th
Last Answer : It was necessary to protect the producers from foreign competitions. India allowed imports only of essential items in order to give protection to domestic producers. To maintain or improve the quality of goods after independence
Description : What did Jefferson hope to achieve by imposing an embargo?
Description : What is the name for the attitude and practice of some countries in imposing their power and culture on other cultures?
Last Answer : Imperialism.
Description : How to find fashion jewelry wholesale importers in the USA?
Last Answer : FashionTIY online wholesale market originated in the United States and later served all over the world due to its high quality and low price. The wholesale price of jewelry is as low as $0.26.
Description : Imposing different characteristics as typical for male and female is considered as (a) Gender discrimination (b) Gender stereotype (c) Gender equality (d) Gender study
Last Answer : (b) Gender stereotype
Description : A commercial invoice is issued by _____. A. exporter B. exporter's bank C. importer D. importer's bank E. confirming bank
Last Answer : A. exporter
Description : Select the TRUE statement. A)Legislation regulating marketing in many foreign countries is being eased. B)A government's attitude toward cooperation with importers has little impact on ... competitive disadvantage. D)Bribes and payoffs are considered unethical in all countries and cultures
Last Answer : C)Refusing to give payoffs and bribes in some foreign countries may put the marketer at a competitive disadvantage.
Description : Under the new rule, the civic body can take ______ action against the violators by imposing, a fine. (1) punitive (2) vindictive (3) pejorative (4) diminutive
Last Answer : (1) punitive
Description : Letter of Credit is issued by a. IMF b. WTO c. Importer’s Bank d. Exporters Bank
Last Answer : c. Importer’s Bank
Description : Did World War 1 cause the US trade deficit to increase?
Description : When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________ A. Revenue Deficit B. Budgetary Deficit C. Zero Budgeting D. Trade Gap E. Balance of Payment Problem
Last Answer : B. Budgetary Deficit Explanation: Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government.If revenue expenses of the government ... leads to capital account deficit. Budgetary deficit is usually expressed as a percentage of GDP.
Description : 'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above
Last Answer : (4) All of the above Explanation: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a ... protect businesses and workers within a country by restricting or regulating trade with foreign nations.
Description : Free Trade refers to - (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty
Last Answer : (1) free movement of goods from one country to another Explanation: Free trade is a policy by which a government does not discriminate against imports or interfere with exports by ... countries are determined by price strategies that may differ-from those that would emerge under deregulation.
Description : Which among the following is not a non-customs duty obstacle in the world trade? (1) Quantity restriction (2) Establishment of Standard of labour in manufacturing (3) Determination of import duty uniformly (4) Restrictions on goods quality
Last Answer : (3) Determination of import duty uniformly Explanation: Non-tariff barriers to trade include import quotas, special licenses, unreasonable standards for the quality of goods, bureaucratic delays at customs, ... duty uniformly is comes under the sovereign duty of a nation. It is internal development.
Description : Theoretically trade between two countries lakes place on account of - (1) differences In costs (2) scarcity of goods (3) comparative differences in costs (4) need for exports
Last Answer : (3) comparative differences in costs Explanation: Trade exists for man clue to specialization and division of labor, most people concentrate on a small aspect of production, trading for other ... for the benefits of mass production thus providing cost advantage of producing the same commodity.
Description : Terms of trade in developing countries are generally unfavourable because (a) They export manufacturing products. (b) They export primary products. © They export few goods. (d) Both (a) and (c).
Last Answer : (b) They export primary products.