chapter 8 management 343
A free trade agreement usually refers to one with:
A "free trade area" providing favorable tariff treatment, often based on geography.
A states' authority to tax a business engage in foreign commerce may be determined by whether or not the imposed tax:
Results in mutilple taxation
A means to prevent multiple taxations by a state or a multinational corporation is to offer the taxpayer a:
" Water's Edge election"
The Import-Export Clause of the US Constitution specifically prohibits states from taxing:
Both imports and exports
_____ is not a non-tariff trade barrier.
unconditional MFN trade
The _____ vests the federal government with exclusive control over foreign commerce.
Commerce Clause
The court of record with original jurisdiction to hear a dispute about the trade or tariff laws of the US is:
court of international trade
When the US Congress enacts a scheme of legislation or regulation in an area that prevails over inconsistent state regulation, the acts of Congress will prevail under the:
Doctrine of federal Preemption
The Trade Reform Act of 1974 created a "fast track" process for approving trade agreements, known as the president's:
Trade Promotion authority
A law granting favorable tariff treatment to imports for developing countries is called a:
Trade preference