Having Recently Found Sources of Oil on Their Own Land

question 253

Multiple Choice

Having recently found sources of oil on their own land, the newly established nation of Brotherton enacted a tariff on imported petroleum in order to raise money for their new government. This trade restriction is an example of a ________ tariff.

• A) revenue
• B) protective
• C) percentage
• D) fixed

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Definitions:

Delegating

The process of assigning responsibility and authority to others to complete a clearly defined task while maintaining accountability for its success.

Decision Making

The mental process involved in choosing an action path from several options.

Division Of Labor

The allocation of different parts of a manufacturing process or task to different people in order to improve efficiency.

Coordinator

A person or role responsible for organizing activities and ensuring that tasks are completed efficiently and effectively.