A Tariff Is a Tax Placed on

question 100

Multiple Choice

A tariff is a tax placed on

• A)an exported good and it lowers the domestic price of the good below the world price.
• B)an exported good and it ensures that the domestic price of the good stays the same as the world price.
• C)an imported good and it lowers the domestic price of the good below the world price.
• D)an imported good and it raises the domestic price of the good above the world price.

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Definitions:

Specific Numbers

Exact figures or quantities that are mentioned or used to quantify something.

Infographic

An infographic is a visual representation of information or data, often incorporating charts, diagrams, and illustrations to make complex information easily understandable.

Gantt Chart

A visual tool in project management used to represent the timing of tasks required to complete a project, showing start and finish dates in a horizontal bar chart format.

Chartjunk

Excessive and unnecessary graphical elements in charts or graphs that distract from the data's intended message.