A Specific Tariff Is

question 124

Multiple Choice

A specific tariff is:

• A) applied only to exports
• B) set as a percentage of the product price of an imported good
• C) applied only to products produced in countries that are not members of the WTO
• D) a fixed tax amount applied to an import
• E) none of the other choices

---

Definitions:

Bottled Water

Water that is packaged in plastic or glass bottles and sold for personal consumption, often purified or spring water.

Game Theory

A field of mathematics that analyzes competitive situations where the outcome of a participant's choice of action depends on the actions of other participants.

Advertise

The action or process of promoting one's products or services in various media to attract potential customers or clients.

Joint Profits

The combined earnings accrued from the collaboration of two or more firms.