A Tariff Is a Tax

question 268

Multiple Choice

A tariff is a tax

• A) on an exported good.
• B) on an imported good.
• C) imposed on all traded goods.
• D) imposed on people's income.
• E) imposed on the difference between the value of the goods a firm imports and the value of the goods it exports.

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Definitions:

Ileus

A temporary cessation of bowel motility, leading to obstruction symptoms without a physical blockage in the intestines.

Peristalsis

The involuntary constriction and relaxation of the muscles in the intestine or another canal, creating wave-like movements that push contents forward.

Anemia

A condition in which there is a deficiency of red cells or of hemoglobin in the blood, leading to fatigue, weakness, and shortness of breath.

Hemoglobin and Hematocrit

Hemoglobin is a protein in red blood cells carrying oxygen, whereas hematocrit is the ratio of the volume of red cells to the total volume of blood.