14. are levied s a propoion of the value of he ised ood e Ad valorem Tariff rate

Question

14. are levied s a propoion of the value of he ised ood e Ad valorem Tariff rate qeota helps domestio IS ACR quis is extra prunt that producers make when surply aniticially limited by an referred to as a spuota rent b specifle tarit tariff rate quot d subsidy 17 The specifies that govemment when putting contracts for equipment out to bid unless the foreign products have a significant price advantage, a General Agreement on Tariffs and Trade b. Buy America Aet e. American Reinvestment Act d. Smoot-Hawley Act a requirement that some specific fraction of a good be produced domestically. a. Administrative trade policies are b. The Buy American Act is e. A local content requirement is 18. d. Bureaucratic rules are 19, Stratepic trade policy suggests that a govemment should useto support promising firms that are active in newly emerging industries. a. tariff rate quotas b quota rents c. subsidies d ad valorem tariffs Page 3 of 11

Explanation / Answer

Please find the answers to the fill in the blanks. Kindly upload a clearer image next time :)

13. The foreigners would sell US dollars for another currency

14. Ad valorem Tariffs

15. Subsidy

16. Quota rent

17. Buy America Act

18. A local content requirement

19. Subsidies

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