题目内容
According to the tariff escalation effect, industrial countries apply low tariffs to imports of finished goods and high tariffs to imports of raw materials.
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Under the Offshore Assembly Provision of U.S. tariff policy, U.S. import duties apply only to the value added in the foreign assembly process, provided that U.S.-made components are used by overseas companies in their assembly operations.
Bonded warehouses and foreign trade zones have the effect of allowing domestic importers to postpone and prorate over time their import duty obligations.
A nation whose imports constitute a very small portion of the world market supply is a price taker, facing a constant world price for its import commodity.
Graphically, consumer surplus is represented by the area above the demand curve and below the product's market ptice.
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