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Regional trade agreements In the following table, indicate whether each statement about regional trade agreements is true or fal

trasher [3.6K]

Answer:

A. True

B. True

C. True

D. True

E. False

F. True

Explanation:

It is true that under regional trade agreements, several countries eliminate tariffs among themselves and lower tariffs against all other countries.

It is true that regional trade agreements are consistent with GATT's most favored nation principle. GATT is an acronym for General agreement on tarrifs and trade and most favoured nation (MFN) is a status or level of treatment accorded by one state to another in international trade. The term means the country which is the recipient of this treatment must nominally receive equal trade advantages as the "most favoured nation" by the country granting such treatment (trade advantages include low tariffs or high import quotas).

It is true that the countries in the European Union (EU) keep their own tariffs with the countries outside the EU. The EU trade agreement is basically to promote trade among EU countries, not necessarily to lower tariffs for non members.

US and China have a trade agreement which lowers tarrifs and US and Canada operate a Free Trade agreement (FTA) which seeks to eliminate all tarrifs on trade between the two countries. Therefore If China wants to sell a good to Canada, it can first export it to the United States, where the tariff is lower, and then ship it duty- free to Canada.

It is false that countries who enter into a free trade area agreement maintain a common schedule of tariffs with countries outside the agreement. The agreement does not cover trade among non members.

In customs union, rules of origin are not needed. Custom unions only considers where the good is shipped from and not the originating nation.

8 0

3 years ago

Jamal walker developed a serious infection and spent 6 months in his hospital's intensive care unit. what part of his insurance

Sliva [168]

The answer is Major Medical Expense Insurance. This is a health insurance policy that finances medical expenditures sustained in wounds, disastrous occurrences or lengthy sickness, giving benefit disbursements beyond the base sum funded by the insurance company. This insurance encompasses more than doctor appointments and surgical measures. Most plans cover approximately or entirely your medicine drug charges plus services linked to health care.

4 0

4 years ago

Organizations can use common core security principles recommended as industry best practices when developing policies, standards

egoroff_w [7]

Answer:

Timeliness principle.

Explanation:

Industry best practices can be used by various organizations as common core security principles to manage and control most, if not all of their assets and resources. These security principles can be adopted during the process of developing organizational policies, standards, baselines, procedures, and guidelines to effectively and efficiently manage the organization.

Timeliness principle can be defined as a principle which states that all stakeholders involved in the securitization of an organization and assets must act in a timely manner for the constant monitoring of the current and future state of the organization's assets, so as to avoid the integrity of its security being breached or compromised.

Hence, the principle which typically specifies that all personnel, assigned agents, and third-party providers should act in a timely manner to prevent and to respond to security breaches is known as the timeliness principle.

4 0

3 years ago

High and unexpected inflation has a greater cost

saw5 [17]

D. For savers in low income tax brackets than for savers in high income tax brackets.

3 0

3 years ago

Read 2 more answers

Samanderson, Inc. is in the business of selling ceramic bowls. It has two departments - molding and finishing. Molding departmen

Nadusha1986 [10]

Answer:

Samanderson, Inc.

The total conversion costs for the month of July is:

= $2,500

Explanation:

a) Materials purchased, 650 kgs at $210 = $136,500

Units started 3,500

Units transferred out 3,200

Ending units 300 55% complete

Materials Conversion Total

Costs incurred $136,500 $2,500 $139,000

Equivalent units:

Units transferred out 3,200 3,200

Ending work in process 300 165

Total equivalent units 3,500 3,365

Cost per equivalent unit:

Materials Conversion

Costs incurred $136,500 $2,500

Total equivalent units 3,500 3,365

Cost per equivalent unit $39 $0.7429

Cost assigned to:

Units transferred out $124,800 (3,200 * $39) $2,377 (3,200 * 0.7429)

Ending work in process 11,700 (300 * $39) 123 (165 * 0.7429)

5 0

3 years ago

Presentation software allows users to _____.