A Boycott on Importing Produce from Mexico Would Be an Example

question 52

Multiple Choice

A boycott on importing produce from Mexico would be an example of a

• A) compound duty.
• B) revenue tariff.
• C) nontariff barrier.
• D) specific duty.
• E) quota embargo.

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Definitions:

SIMPLE Pension Plan

A retirement savings plan that allows employees and employers to contribute to individual retirement accounts (IRAs) setup for employees, typically suitable for small businesses.

Annual Contribution

The total amount of money contributed to a specific account or fund within a single fiscal year.

Age 50

A milestone age that can qualify individuals for certain benefits, such as eligibility for catch-up contributions to retirement plans in the United States.

Coverdell Education

A savings account designed to help families pay for education expenses, including k-12 and college costs, with tax-free earnings.