TOOLS

The Bureau of Trade in the Department of Commerce is making a new regulation about trade import and export duty. For trade companies, the government decided that the tax rate for importing and exporting tools should be different from other kinds of goods. Imagine that you belong to a panel of government advisors to provide help in drafting the regulation. You want to specify clearly in the regulation what should be included as tools. Because the regulation will affect thousands of trade companies, as well as tax income of the government, it is important to include only tools in the regulation, but not other kinds of goods, which would have different rates of duty. A clear categorization of tools will thus ensure a fair and reasonable tax regulation.

Consider each of the following items, and decide whether acting in the panel of government advisors, you would classify the item in the category of tools.

Circle ’Y’ if you think the item should be included in the category.

Circle ’N’ if you think the item should not be included in the category.

Circle ’Ø’ if you don’t know the meaning of the word.

You have to choose between ’Y’ and ’N’ even if you find it difficult to decide.

Circle ’Ø’ only when you don’t know the meaning of the word.