A Tariff Can Be Defined Simply as a

question 77

Multiple Choice

A tariff can be defined simply as a

• A) tax on imports.
• B) tax on exports.
• C) legal limit on imports.
• D) legal limit on exports.

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Definitions:

Group

An ensemble of persons who engage in interaction, have alike features, and as a whole experience a sense of cohesion or identity.

Tensions

Psychological or emotional strain or stress that can arise from a variety of sources, often associated with conflicting demands or challenges.

Realistic Conflict Theory

A social psychological model that explains how conflict and hostility between groups arise from competition over resources or conflicting goals.

Competition

A situation in which individuals or groups vie with each other to achieve a goal that cannot be shared or that is desired individually.