If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?

Related Mcqs:

A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

A. Compound tariff B. Effective tariff C. Ad valorem tariff D. Specific tariff...

With the tariff, the quantity of imports falls to ?

A. 12,000 units B. 20,000 units C. 30,000 units D. 42,000 units...

If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?

A. valid for stereos, but nor for most products imported by Pakistan B. valid for most products imported by Pakistan but not for stereos C. deceiving since Koreans eventually spend the dollars on Pakistani goods D. deceiving since the dollars spent on a stereo built in the Pakistan eventually wind up overseas...

Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen’s value, this is an example of a (an) ?

A. specific tariff B. ad valorem tariff C. compound tariff D. effective tariff...

Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

A. be less than 12 percent and can be negative B. be less than 12 percent but must be greater than zero C. equal 6 percent D. exceed 30 percent...