When one company wants to take over another, one way it may be done is by proxy.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Unlike an ad valorem tariff in international trade, the specific tariff is:
a. applied only to imports while the ad valorem tariff is applied only to exports
b. a fixed tax and the ad valorem tariff is set as a percentage of the product price
c. applied only to products produced in countries that are not members of the WTO
d. applied only to goods and the ad valorem is applied only to services
e. none of the other choices; the tariffs do not differ in use in international trade