Examlex
Which of the following statements is incorrect about grant programs?
Quota
A limit placed on the quantity of a specific good that can be imported or exported during a given timeframe, usually to protect domestic industries.
Excise Tax
A type of tax charged on specific goods, services, and activities, often with the intention of reducing their consumption or generating revenue.
Yachts
Luxury vessels designed for recreation or racing, often seen as a symbol of wealth and luxury lifestyle.
Excise Tax
A tax levied on the sale of specific goods or services, often included in the price of the item such as tobacco or alcohol.
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