What Is the Term for a Tax on Imported Goods

question 112

Multiple Choice

What is the term for a tax on imported goods?

• A) an excise tax
• B) a tariff
• C) an import quota
• D) import tax

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Definitions:

Value Judgments

Assessments based on personal values, beliefs, or priorities rather than objective criteria.

Decision Making

The cognitive process of selecting a course of action from multiple alternatives, often involving some form of judgement or deliberation.

Floating

The state of being buoyant or suspended within a medium, or a financial strategy involving the use of floating interest rates.

Information Flows

The movement or transmission of data and information within an organization from one point or person to another.