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How has increasing globalization affected business?
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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