Question

Inicell Inc., an American camera manufacturing company, wanted to import a few camera parts from Ruelia,...

Inicell Inc., an American camera manufacturing company, wanted to import a few camera parts from Ruelia, an Asian company. However, the American government passed a taxation law that stated that a tax of 4% would be levied on all electronic imports. In this scenario, the American government imposed a(n) _____.

voluntary export restraint

tariff

quota

embargo

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The correct answer is option B, i.e. The American government imposed a tariff on the import of the camera parts. Tariffs are used to increase the price of imported goods in order to make them less competitive to local alternatives.

Add a comment
Know the answer?
Add Answer to:
Inicell Inc., an American camera manufacturing company, wanted to import a few camera parts from Ruelia,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • CHAPTER #3 Mini-Case Ever since he was five years old, Rhett Tenna has had poor eyesight...

    CHAPTER #3 Mini-Case Ever since he was five years old, Rhett Tenna has had poor eyesight and as an eyeglass wearer he suffered through all the names that went along with it. Rhett eventually switched from glasses to contacts, but he always wondered why his glasses were not fashionable. After graduation from college, Rhett set out on a lifelong goal: to make eyewear synonymous with fashion. He opened a specialty store called "The Eyes Have It." His marketing plan was...

  • Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

    Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...

  • Assess whether from a utilitarian, rights, justice and caring perspective, Unocal did the right thing in...

    Assess whether from a utilitarian, rights, justice and caring perspective, Unocal did the right thing in deciding to invest in the pipeline and then in conducting the project as it did. In your view, and using your utilitarian, rights, justice and caring assessments, did Unocal do the right thing? CASE: Unocal in Burma Union Oil Company of California, or Unocal, was founded in 1890 to develop oil fields around Los Angeles and other parts of California. By 1990, Unocal had...

  • I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...

    I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...

  • In your view,is the kind of child slavery discussed in this case absolutely wrong no matter...

    In your view,is the kind of child slavery discussed in this case absolutely wrong no matter what,or is it only relatively wrong,ie.,if one happens to live in a society(like ours) that disapproves of child slavery? Explain your view and why you hold it. Forty-five percent of the chocolate we consume in the that a portion of the Ivory Coast cocos beans that goes into United States and in the rest of the world is made from co- the chocolate we...

  • How can we assess whether a project is a success or a failure? This case presents...

    How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT