29. A specific duty is a A. fixed sum charged for a specified number of units of

Question

29. A specific duty is a

A. fixed sum charged for a specified number of units of the product.

B. stated percentage of the invoice of the product.

C. duty established for a given, articulated reason.

D. rate charged in excess of a compound duty.

30. An example of the use of trade as a political weapon is

A. sanctions on Russia for the occupation of Crimea in spring 2014.

B. subsidies to automakers by the U.S. government to rescue them from collapse.

C. exorbitant tax rates for repatriated profits in the U.S.

D. Apple's exports to Cuba.

Explanation / Answer

29. A specific duty is a

A. fixed sum charged for a specified number of units of the product.

Explanation : An amount for some specific measure of quantity, like weight, length or number ofunits is a specific duty.

30. An example of the use of trade as a political weapon is

A. sanctions on Russia for the occupation of Crimea in spring 2014.

Explanation : Trade is also used as a political weapon many times. By the end of December 2014 it was used in Russia as sanctions for the occupation and annexation of crimea.

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