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Export Tax

Description: This quiz covers the concept of Export Tax, a type of indirect tax levied on goods exported from a country.
Number of Questions: 15
Created by:
Tags: economics taxation export tax
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What is the primary purpose of Export Tax?

  1. To generate revenue for the government

  2. To protect domestic industries

  3. To control the flow of goods in and out of the country

  4. To promote exports

Show answer
Correct Option: A
Explanation:

Export Tax is primarily imposed to raise revenue for the government by taxing the export of goods.

Which of the following is NOT a common type of Export Tax?

  1. Ad Valorem Tax

  2. Specific Tax

  3. Compound Tax

  4. Unit Tax

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Correct Option: C
Explanation:

Compound Tax is not a common type of Export Tax. Ad Valorem Tax, Specific Tax, and Unit Tax are more commonly used.

In an Ad Valorem Export Tax, the tax is calculated as a percentage of:

  1. The export price of the goods

  2. The quantity of goods exported

  3. The weight of the goods exported

  4. The volume of the goods exported

Show answer
Correct Option: A
Explanation:

In an Ad Valorem Export Tax, the tax is calculated as a percentage of the export price of the goods.

Which of the following factors is NOT considered when determining the rate of Export Tax?

  1. The value of the exported goods

  2. The demand for the exported goods in the international market

  3. The cost of production of the exported goods

  4. The tax rates of competing countries

Show answer
Correct Option: C
Explanation:

The cost of production of the exported goods is not typically considered when determining the rate of Export Tax.

Export Tax can have a negative impact on:

  1. Government revenue

  2. Export competitiveness

  3. Consumer prices

  4. Economic growth

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Correct Option: B
Explanation:

Export Tax can reduce the competitiveness of a country's exports in the international market.

Which of the following is NOT a potential benefit of Export Tax?

  1. Increased government revenue

  2. Protection of domestic industries

  3. Promotion of value-added exports

  4. Control over the flow of goods

Show answer
Correct Option: C
Explanation:

Export Tax is not typically used to promote value-added exports.

A country may impose Export Tax on a specific good to:

  1. Generate revenue

  2. Discourage exports of that good

  3. Protect domestic industries producing that good

  4. All of the above

Show answer
Correct Option: D
Explanation:

Export Tax can be imposed for multiple reasons, including generating revenue, discouraging exports, and protecting domestic industries.

The incidence of Export Tax ultimately falls on:

  1. The exporting company

  2. The importing company

  3. The consumers of the exported goods

  4. The government of the exporting country

Show answer
Correct Option: C
Explanation:

The incidence of Export Tax is typically passed on to the consumers of the exported goods in the form of higher prices.

Which of the following is NOT a common method used to avoid or reduce Export Tax?

  1. Under-invoicing

  2. Over-invoicing

  3. False declaration of goods

  4. Smuggling

Show answer
Correct Option: B
Explanation:

Over-invoicing is not a common method used to avoid or reduce Export Tax.

Export Tax can be used as a tool for:

  1. Trade protectionism

  2. Revenue generation

  3. Economic development

  4. All of the above

Show answer
Correct Option: D
Explanation:

Export Tax can be used for multiple purposes, including trade protectionism, revenue generation, and economic development.

Which of the following is NOT a potential negative consequence of Export Tax?

  1. Reduced government revenue

  2. Increased consumer prices

  3. Loss of export competitiveness

  4. Improved terms of trade

Show answer
Correct Option: D
Explanation:

Improved terms of trade is not a potential negative consequence of Export Tax.

Export Tax is typically imposed by:

  1. The exporting country

  2. The importing country

  3. Both the exporting and importing countries

  4. None of the above

Show answer
Correct Option: A
Explanation:

Export Tax is typically imposed by the exporting country.

A country may choose to exempt certain goods from Export Tax in order to:

  1. Promote exports of those goods

  2. Protect domestic industries producing those goods

  3. Generate revenue from those goods

  4. Control the flow of those goods

Show answer
Correct Option: A
Explanation:

Exempting certain goods from Export Tax can be a strategy to promote exports of those goods.

Which of the following is NOT a potential benefit of Export Tax for the exporting country?

  1. Increased government revenue

  2. Protection of domestic industries

  3. Improved terms of trade

  4. Increased export competitiveness

Show answer
Correct Option: D
Explanation:

Increased export competitiveness is not a potential benefit of Export Tax for the exporting country.

Export Tax can be a useful tool for a country to:

  1. Manage its balance of payments

  2. Protect its domestic industries

  3. Generate revenue

  4. All of the above

Show answer
Correct Option: D
Explanation:

Export Tax can be used for multiple purposes, including managing the balance of payments, protecting domestic industries, and generating revenue.

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