1/ With a compound tariff, a domestic importer of an automobile might be required to pay a duty of $300 plus 4 percent of the value of the automobile.
true or false?
2/ an increase in the import tariff will result in:-
a- An increase in price but a decrease in quantity purchased
b- An increase in domestic production but a decrease in imports.
c- A decrease in price and a decrease in quantity purchased .
d- An increase in imports but a decrease in domestic production.
3/ Under US anti dumping law , and anti dumping duty can be levied when the U.S. Commerce Department determines that a foreign products is being sold in the United States at less than fair value and the US International Trade Commission determines that the dumped products is causing economic harm to domestic producers
True Or False