A Tariff Is A(n)

question 60

Multiple Choice

A tariff is a(n)

• A) limit on exports.
• B) form of export subsidy.
• C) tax on imports.
• D) interest rate on foreign exchange.
• E) license to import.

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Definitions:

Negotiated

The process of discussing and arriving at a mutually acceptable agreement between two or more parties.

Accounting Software

Computer programs designed to manage financial transactions and records, facilitating efficient bookkeeping and financial analysis.

Overpriced

Overpriced indicates that something is valued or offered for sale at a price higher than is considered reasonable or fair in relation to its intrinsic or market value.

Discount

A reduction from the usual cost of an item or service, typically offered to incentivize purchases.