14. are levied s a propoion of the value of he ised ood e Ad valorem Tariff rate qeota helps domestio IS ACR quis is extra prunt that producers make when surply aniticially limited by an referred to as a spuota rent b specifle tarit tariff rate quot d subsidy 17 The specifies that govemment when putting contracts for equipment out to bid unless the foreign products have a significant price advantage, a General Agreement on Tariffs and Trade b. Buy America Aet e. American Reinvestment Act d. Smoot-Hawley Act a requirement that some specific fraction of a good be produced domestically. a. Administrative trade policies are b. The Buy American Act is e. A local content requirement is 18. d. Bureaucratic rules are 19, Stratepic trade policy suggests that a govemment should useto support promising firms that are active in newly emerging industries. a. tariff rate quotas b quota rents c. subsidies d ad valorem tariffs Page 3 of 11