An Import Tax Whose Main Purpose Is to Provide Revenue

question 69

Multiple Choice

An import tax whose main purpose is to provide revenue to the government is called a(n)

• A)export subsidy.
• B)per-unit tax.
• C)revenue tariff.
• D)income tax.
• E)value-added tax.

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Definitions:

Resource Scarcity

A condition where the availability of resources is limited in comparison to the demand, leading to competition and potential conflict.

Downsizing

The process of reducing the size of a company by eliminating staff positions, often to cut costs or improve efficiency.

Financial Difficulties

Situations where individuals or organizations struggle to manage their finances, often due to insufficient income, high debts, or unexpected expenses.

Upward Referral

A process in decision-making where issues are escalated to higher levels of an organizational hierarchy for resolution.