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Last week, US government has decided to apply 25% import tariff on steel and Aluminum that come from abroad. This means that.........? Select one: a. the Consumer in US will pay higher price for products made of steel and aluminum all of the answers c. the Price of aluminum and steel will increase in US d. The cost of making cars in US would increase because they are made of steel and aluminum UAE is thinking of increasing import tariffs on Algerian Products Which of the following is NOT on import tariff? Select one: inone of the answers b. ad valorem tariff c. specific tarift d. compound tariff Which of the following could be an example of local content requirements set by UAE govemment? Select one: Unilever company in UAE must make sure that at least SON of the inputs of its products come from UAE b. All of the answers c. Unilever company in UAE must make sure that at least 60% of the inputs of its products come from outside UAE d.Unilever company in UAE must make sure that its currency comes from the UAE bonks UAE has applied NTBS on products coming from Algeria. NTB is Select one: Non-Tariff Barrier b. Non-tariff Blocade c. none of the answers d. non-Terminal barrier Which of the following trade restrictions can help UAE to protect its local economy? Select one: All of the answers b. Local Content requirements c. Ad valorem tariff d. Currency control If an MNC undertakes low-cost leadership strategy, then this MNC should aim... Select one: a. only luxury goods sector b. small market and increase the price of its products c. None of the answers price sensitive buyers and should reduce cost of production

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