Most countries have agreed on how to assess values when their customs agents levy tariffs. Which of the following best expresses this agreement?
A) They should use the value of similar goods arriving at about the same time.
B) They should use the declared invoice price unless they doubt its authenticity.
C) They should assess a value based on local costs to produce a similar product.
D) They should assess a value based on the expected final consumer sales price.
Question 2
The U.S. catfish industry petitioned the U.S. government for increased taxes on imported Vietnamese fish, claiming that the fish were being sold below the cost of production. The U.S.
catfish industry was accusing the Vietnamese fish industry of ________.
A) dumping
B) using an embargo
C) subsidizing
D) using offsets
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