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  • 2022-06-04
    Canada began negotiating with the U.S. on dismantling tariff barriers under the government of_______.
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    • Assume the United States adopts a tariff quota on steel in which the quota is set at 2 million tons, the within-quota tariff rate equals 5 percent, and the over-quota tariff rate equals 10 percent. Suppose the U.S. imports 1 million tons of steel. The resulting revenue effect of the tariff quota would accrue to:(  ) A: The U.S. government only B: U.S. importing companies only C: Foreign exporting companies only D: The U.S. government and either U.S.   importers or foreign exporters
    • The tariff barriers will weaken __________. A: Inflationary pressures B: Special interests’ privileges C: Balance-of-payments positions D: Government control
    • Canada was divided into Upper Canada and Lower Canada in 1791 and they were united again in 1840. Upper Canada is under the control of () government and Lower Canada is under the control of () government. A: British, French B: French, British C: British, Spanish D: Spanish, British
    • Which country is popularly known as “the land down under”? A: Canada B: The U.S. C: Spain D: Australia
    • The barriers that are caused by distance and language are called as<br/>_________() A: Tariff Barriers B: Non-Tariff Barriers C: Natural Barriers D: Green Trade Barriers

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