The Answer Is: "A Tax on Imports

question 23

Multiple Choice

The answer is: "A tax on imports." What is the question?

• A)What is comparative advantage?
• B)What is a quota?
• C)What is a tariff?
• D)What reduces producers' surplus?

---

Definitions:

Standard Plus Plans

Insurance plans that offer basic coverage with the option to purchase additional benefits according to individual needs.

Deferred Profit Sharing

A retirement plan in which employees receive a portion of the company's profits at a later date, usually at retirement.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee’s future benefit.

Share Appreciation Rights

A type of employee benefit plan that gives an employee the right to receive cash or stock based on the increase in the price of the company shares.