A Tax That Is Imposed by the Importing Country When

question 94

Multiple Choice

A tax that is imposed by the importing country when an imported good crosses its international boundary is called

• A) an import quota.
• B) an export subsidy.
• C) dumping.
• D) a tariff.

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Definitions:

Clearing

The process of reconciling purchases and sales of various options, futures, or securities, as well as the direct transfer of funds from one financial institution to another.

Refuse To Honor

The act of not accepting, acknowledging, or fulfilling an agreement, request, or instruction.

Enough Money

Implies having sufficient funds to meet needs, obligations, or desired goals without financial strain.

Sue

The act of bringing a legal action against an individual or entity to seek redress or enforcement of rights.