An Example of a Tariff Is A

question 15

Multiple Choice

An example of a tariff is a:

• A)limit on the total number of Honda automobiles imported from Japan.
• B)regulation specifying that each imported Honda automobile must meet certain emission exhaust guidelines.
• C)tax of $500 on each Honda automobile produced in the United States.
• D)tax of 10% of the value of each Honda automobile imported from Japan.

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Definitions:

Straight-Line Depreciation

A method of calculating the depreciation of an asset where its cost is evenly spread across its useful life.

Initial Investments

The initial amount of money spent to start a project, purchase assets, or establish a business.

After-Tax Discount Rate

The rate of return after taxes have been calculated, used in evaluating the profitability of investment opportunities.

Income Tax Rate

The rate at which income is taxed for a person or a company.