The free on board (FOB) method of valuing imports:
A) defines the price of the imported good as the foreign market price before it is loaded into the ship, train, or plane for shipment to the importing country.
B) defines the imported price as the price in the foreign market including the cost of loading it onto the ship, train, or plane for shipment to the importing country.
C) defines the imported price as the price including all inter-country charges up to the importing country's port of entry.
D) All of the above
E) None of the above
Correct Answer:
Verified
Q8: Product "A" has an import value of
Q9: A tariff of 20% plus $1 per
Q10: When a tariff is so high that
Q11: A tariff of ($250/import + 15% of
Q12: The Free alongside (FAS) method of valuing
Q14: The FOB value of imports includes:
A) the
Q15: CIF stands for:
A) captain in front.
B) capital
Q16: The cost, insurance and freight (CIF) method
Q17: Almost all countries in the world use
Q18: The availability of alternative definitions of "price"
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