Host governments typically require international firms to develop ...

[laurencescou]

Host governments typically require international firms to develop accounting procedures based on local regulations, which is problematic for firms operating in multiple countries with incompatible accounting standards.
 
  Indicate whether the statement is true or false

Question 2

How does a tariff rate quota work?
 
  What will be an ideal response?

[whitcassie]

Answer to Question 1

TRUE

Answer to Question 2

A tariff rate quota imposes a low tariff rate on a limited amount of imports for a specific good; above that, there is a prohibitively high tariff rate on the good.