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How Has Increasing Globalization Affected Business

question 64

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How has increasing globalization affected business?


Definitions:

Excise Tax

A tax on specific goods, such as alcohol and tobacco, often levied at the manufacturing level.

Imported Good

A product or service that is brought into one country from another, making it available for domestic consumption or use.

Protective Tariff

A tariff designed to shield domestic producers of a good or service from the competition of foreign producers.

Revenue Tariff

A tariff designed to produce income for the federal government.

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