A Tax on a Good That Is Imposed by the Importing

question 100

Multiple Choice

A tax on a good that is imposed by the importing country is called a

• A) tariff.
• B) nontariff barrier.
• C) quantitative restriction.
• D) licensing regulation.
• E) trade constraint.

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Definitions:

Weakened Bones

A condition, often due to osteoporosis, where bones become fragile and more prone to fractures.

Cortisone

A steroid hormone produced by the adrenal cortex or synthetically, used medicinally to treat inflammation and adrenal insufficiency.

Cortisol

Glucocorticoid secreted by the adrenal cortex that responds to stress on a long-term basis; reduces inflammation and promotes protein and fat metabolism.

Adrenal Cortex

Outer portion of the adrenal gland; secretes mineralocorticoids, such as aldosterone, and glucocorticoids, such as cortisol.