Question

Match the example to the correct trade instrument.

A. specific tariff B. subsidies C. import quotas D. voluntary export restraints (VERs) E. local content requirements F. administrative policies G. antidumping policies H. ad valorem tariff

1.U.S. imposes 2.5% tariff on imported watches

2. U.S. levies a $1 tariff on imported watches

3. Specific % of television imports must be produced domestically

4. Drug unapproved by FDA is banned in the U.S.

5. U.S. restricts the number of imported video games

6. EU payments to European farmers

7. U.S. asks Peru to restrict sugar exports to U.S.

8. EU imposes special tariff on very low-priced steel imports

Answer 1

S' Mateh tanitf on moc wat ches . Subsidies 6. EU pa ments to EUYopean farmers c. import quotas.. 5. u·s· restricts the number of mported i deo mes . Voluntr export -t. U.S. osks fesu to sestrictss as sestraints (vERs) exposts to exposts to U.S. U.s E. Local centent -3. Speaiftcy. of televnsion imporks seq uiremenf must be pooduced domest call Drug Unapproved b FDA is banned in the U.s. peli cies Antidunping8- EU mposes special taurff on ew- priced teel mports Ad valorem Tariff-f. US, imposes 2.5% riff on policies imperted watches