Quotas and Tariffs Discourage Foreign Governments from Retaliating with Quotas

question 72

True/False

Quotas and tariffs discourage foreign governments from retaliating with quotas and tariffs of their own.

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Definitions:

FICA

Refers to the Federal Insurance Contributions Act tax, which is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

Unemployment Taxes

Unemployment taxes are taxes paid by employers to fund the unemployment insurance system, providing benefits to workers who have lost their jobs.

FICA-OASDI

Federal Insurance Contributions Act - Old-Age, Survivors, and Disability Insurance; a payroll tax that funds Social Security and Medicare in the United States.

Workers' Compensation

Insurance offering medical benefits and wage replacement to employees who become injured while on the job.