Examlex
Since hand carried wine bottles crossing the border from Hong Kong to China are taxed. Entrepreneurial individuals hire "mules" to transport wine into the mainland.
Subsidy
A financial contribution granted by the government to reduce the production costs and encourage the supply of certain goods or services.
Quantity Tax
A tax levied on a specific quantity of a good or service, as opposed to its value, affecting the supply and potentially the price.
Supply Schedule
A table that shows the relationship between the price of a good and the quantity supplied.
Tax Rate
The percentage at which an individual or entity is taxed on their income or the value of goods and services.
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